As a U.S. citizen, it seems a given: The good ol' days are gone. We have a new world order coming and it's a scramble in the jockey for position. Chaos seems to be the norm. Trade wars, struggles for the economy both domestic and global. Long-term trends have evaporated. The prez seems addicted to chaos. It seems a transformation is in place.
However, for the first time in history, a U.S. president has bargaining power with energy. The USA is chockful of natural gas and LNG export capability creates leverage. Trump didn't create that, he inherited it out of sheer luck. It remains to be seen what he does with it.
Global tensions, the fight for natural resources and the risk of geopolitics are front and center. Many fear the prez and his handlers have an agenda guiding them that's been decades in the marking. Who knows! What matters to me is what to do with my small 7-figure nest egg. I'm 71 and that money was hard to come by. Now what.
Invest in indexes? Dividend stocks? Do you think one can get 7%? 6%? 5%? (And those are pre-tax numbers?) In light of the chaotic factors mentioned above, would you invest in the U.S. market, foreign markets or a balance? Any thoughts on what you would/will do?
I often remind myself of Buffet's quote, "Don't lose." That has guided me for a very long time in my business, which was based on investing in natural resources. And also in equities. I do take some risks, significant ones, yes, but I try my best to pick winners such that, at least, I do not lose! (Thankfully, I have been right most of the time.) I also take some big reward, risky shots now and then when I believe in something.
What is your take on what to do from this point forward? TIA!
P.S. I have a nice income coming in that provides a good living. The nest egg growth is desired for legacy. Some family but mostly charity.