Hi,
today I was speaking to a friend who is in finance. We have almost the same view on things and estimate that the economy will be hit bad in September, even worse than now.
The helicopter money goes into stocks. It was supposed to get into the real economy to help firms save jobs and take measures to sustain the hard times. As you can see, it does not happen and the stock market is detached from the real economy. It can be that companies that are not producing and selling are getting 50 % gains on the market. Surreal everything.
He suggested me to sell the shares I own and with the money to diversify into some other assets that are more near the real economy. He bought art, whiskey, gold, numismatics and crypto at the moment.
I told him that I still have some good performing stocks, like Nvidia or Daikin as I understand their products and direction. I have also McDonalds and Coca-Cola in portfolio as they bring good dividends. I can't live of stocks as I need the 200 fold for that, that is for sure. It is an investment to save up some money, money that can't be leveraged in another way.
We spoke, that I also have a few Satoshi on the side and a couple of grams of gold and we try to buy some on a weekly basis, depending on the budget. We have a very tight one with very high costs due to some mistakes I did in the past, that drain a lot of cash. Hope this will change in a way or another.
So, I will look into some other asset classes to diversify. A good cash reserve is also good to have. Everyone shall have a cushion at home of at least 6 months of spending. We don't have it as we invest all the free money we have. Now we will try to build this up with investing in parallel.
My question to you is, what alternative investments do you have to diversify?