I wish there was some way I could just put money into a weighted bucket of every international currency in case one or a few of them inflate to nothing. That’s the only thing that worries me.
In my humble opinion, that might overcomplicate things without providing much in the way of risk reduction. Owning a basket of currencies might make sense in a world where, globally, only some central banks had loose money policies. But, at least right now, central banks are all printing money. If you’re a US investor like me, you might have inflation concerns, but if inflation occurs globally, I might do worse owning a basket of currencies than owning USD.
What would I do if I were concerned about inflation but wanted cash? I suppose this doesn’t help anyone who’s solely into indexing, and I know this locks up cash, but I’d look for unlikely-to-fail dividend-paying companies that are relatively protected against inflation and that are trading at relatively fair values. Essentially, you’d be saying “I don’t care if I can’t sell this stock for 10 years so long as the 4%+ current dividend yield ratchets up at or above inflation.”
What would I do if I were concerned about inflation but wanted cash? I suppose this doesn’t help anyone who’s solely into indexing, and I know this locks up cash, but I’d look for unlikely-to-fail dividend-paying companies that are relatively protected against inflation and that are trading at relatively fair values. Essentially, you’d be saying “I don’t care if I can’t sell this stock for 10 years so long as the 4%+ current dividend yield ratchets up at or above inflation.”