winston wrote:
I should also start looking for any investment opportunity outside of the Financial Markets eg. agri land, small businesses etc.
If a Black Swan appears or if the financial system does collapse for a few weeks, I should at least have 10% of my assets outside of the financial system so that I can rebuild from there.
All paper assets including paper currency could be worthless in a big financial collapse.
Cant happen ? My grandfather was holding a lot of Japanese Banana Currency after WW2 ...
I was just thinking of my remisier friend.
Both of us left the company that we were working in, about 3 decades ago.
He became a remisier and I migrated.
Over the next 3 decades, he ploughed most of his money into "real assets" eg. properties and businesses, while I kept most of my money in "paper assets".
At this point in time, it looks like he is way ahead of me ....
It's all about "how much you made when you were right" & "how little you lost when you were wrong"