A lot of commentary seems to issue the warning that the wheels of the capitalist system are starting to wobble. As a retiree, I am acutely aware of not putting all my eggs into one basket: but the problem we all face is that everything seems interconnected. What is your advice for what would be a good set of diverse investments for the just-retired?
I make it a rule never to give advice when I have not first ascertained the financial details of the person to whom I am offering the advice. So I cannot offer it to you in these circumstances either. I can say to you that capitalism has a long history of cycles that basically run usually every 4-7 years. The last cyclical downturn in the US (and elsewhere too) was in 2009-2010. You can do the arithmetic. Be extraordinarily cautious because the fast-worsening political instabilities overlay the underlying economic instabilities.