2012 aside I do believe that we live in a very complicated world and that the complications have "critical coupling" elements that we either are unaware of or ignore. As they say "Past performance is no guarantee of future returns" so it only makes sense to be somewhat conservative in your approach. I may die next year, or I may die in 30 years, I simply don't know. So a perfect plan would allow for either eventuality.
I find that, for me, a cruising boat fits this bill well. I enjoy it but it also gives me great mobility and it can be equipped to aid my survival for some reasonable period of time. It is also a durable asset (well, sort of) that I can pass on to my kids
. It gives me a way to teach them some skills and appreciation of life that they would not have otherwise. It is a way to take some wealth out of vulnerable "funds and securities" and convert it into a tangible good that is not subject to deflation, inflation, or evaporation.
I fully realize that one can argue with any point above and highlight shortcomings. However, on balance and for me, this is a workable plan for both short term and long term. There are additional elements to our plan, such as land in remote
places. We have one boat, in our remote
location, and we are now buying
a second to have here.
Thankfully we are able to do this. Thankfully, the Wife has decided that there is merit to this thinking and has engaged in the plan in a big way.