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I think, depending somewhat on which type of bonds, they are the lowest risk on the list. As usual, high risk makes high reward. But the level of chaos we're seeing this year seems more normal than the calm of the last couple. Stocks could be crocks.
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Real estate will become riskier as fertility rate drops. This will be offset in some countries by immigration, but it's a zero-sum game globally. Stocks much more robust imo
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