If you had to put your capital into one asset for the next 20 years, what would that asset be: 1) Real estate (directly or REITs) 2) Corporate bonds (high grade) 3) Gold/silver (bullion, GLD) 4) Bank deposit in USD, EUR, Yen... 5) Stocks of major companies (Microsoft, Procter&Gamble, Johnson&Johnson, Intel, Pfizer, Apple, Coca-cola, Google, etc.) 6) Currency in a safe-deposit box 7) US Treasury Bonds or US Treasury Inflation Protected Bonds 8) Diversified portfolio of world equities (MSCI All-Country World Index) 9) Commodities - crude oil, corn, wheat, gold (futures or ETFs) Remember, you cannot touch the asset or change your investment choice for 20 years!
10) China. China will lead the way out of this mess. I would buy and hold a diversified portfolio of Chinese companies for the rest of my life.