I largely follow standard financial advice, for example I have a moderate fraction of my wealth in retirement accounts. But I also put substantial weight on the future being... extremely high variance, such that I think there's a pretty good chance that "putting money away" will end up having been useless or at least not very useful. Generally I think it would be a pretty bad idea to have a specific belief about how the future is going to be extremely different and therefore wildly go against currently accepted financial best practices. But it seems highly reasonable, if one believes in the most important century hypothesis, to somehow change your investment plans for that. Here are some relevant futures I can imagine;
- A straight-up fast-take-off singularity.
- There's a mini-armageddon that causes some societal infrastructure to collapse. Maybe banks fail and I lose that money, or maybe people stop using USD and start bartering with petroleum and gold.
- Society moves toward post-scarcity in a way that makes money less useful.
- The legislative landscape changes. Maybe congress appropriates retirement accounts for emergency use. Or maybe longevity tech is going really well, and people's lifespans are longer congress extends the age at which you can take the money out. Maybe they retroactively change capital gains such that investing money was useless.
One problem I'm having is that while it's easy to come up with ideas that are useful in some of these scenarios (e.g. build a nuclear bunker) they're totally wasted in the other scenarios. It feels like there should be some way to convert current money into a non-abstract asset that would be always useful, and also fungible in the future. Like can I... somehow buy and store a ton of joules? Or can I somehow... buy 10 years worth of non-perishable food, to make sure I don't starve? When I try to think through these, the logistics seem to be more costly than any expected benefit.
The category that feels most promising to me is something like, invest in making myself a person more able to handle those high-variance scenarios. Gain skills in operations, negotiation, maintain good health, etc. But like, "become a stronger person" is just the kind of thing I'm always trying to do anyway, and it mostly seems to require time and cognitive resources. The thing I'm trying to figure out is how to convert money into being a stronger person.