No. of Recommendations: 4
I must add that if you're a 'slow learner' then I'm fast in reverse. I suppose at age 85 that's not uncommon.
Not to worry...the most important thing in the post is "you'll probably lose money on this". Not much reason to ponder the rest!
Here's another thought at the other end of the simplicity spectrum: sell a bunch of stuff and buy a pile of WIP, the safest single click security I can think of. It's a diversified basket of inflation protected bonds issued by a lot of different governments, other than the US. If you have no fears for the US dollar, buy some TIP too, the US-only alternative. Mix to taste, garnish with a twist, serve chilled. Remain chill.
Short of a major meltdown of the financial system itself (not just the things traded in it) it's hard to see how this (WIP) could lose much. Even if a country or two fudges their inflation figures, it's unlikely they all will. It even has a positive real yield, paid monthly. High return? No. Safety? Yes. Considerably better than, say, a gold ETF.
Jim
