Tagged: risk management

Sliding Boards and Scalded Hands

Living and traveling outside the U.S. allows one to really appreciate small differences between countries. In New Zealand, a simple sliding board I came across says a lot about the culture there vs. what is going on in the states. Basically, New Zealand has not gone total wuss yet. I grew up with dangerous playgrounds. We also had high dives, BB guns, and lawn darts. These things are risky. Horrors! Yet, taking risks and doing stupid things got you hurt so you...

Geographic Diversification is Not Just for Doomsday

I advocate geographic diversification for a portfolio (using gold). This means not keeping all your money in the country where you happen to reside. The most common criticism I hear when I mention geographic diversification is, bar none, that it will be useless in a doomsday emergency because you can’t get to the assets. This objection though misses the most salient point of geographic diversification: Not every financial emergency is doomsday.  Now, understand that I don’t think imagining extremes in investing is ever a good...

Retirement Plan Seizure Risks and Nimble Wealth

Retirement plans are juicy targets for seizure by politicians. In fact, I think there is a decent chance of a retirement plan seizure in the future in the United States. I don’t know if/when it will happen, and I’m not suggesting you liquidate your retirement savings. But I think we should acknowledge that retirement savings have been seized in enough other countries to at least consider the possibility wherever you may live. I suspect the pols in the U.S. just need the right emergency to...