Originally Posted by Ready-4-ER-at-14
The speaker says had you invested in the German or Japanese stock markets prior to WW2 you would have been wiped out.
I thought currency was wiped out but stock in terms of the major index companies survived and recovered in like 20 years. Anyone know more about this specific issue?
Either way, I really think portfolio diversification (including international and domestic diversification) is a good idea to lessen the risk of being wiped out. I didn't listen to the show but perhaps this was his point.
I even like the idea of multiple income streams (portfolio, pension, social security, yada yada yada) as a "belt and suspenders" approach as well.