I agree that someone who is well diversified (i.e., has physical assets, including a stash of cash and some metal stored somewhere safe - and that means in your own safe, not in a bank 'safe deposit box' which may end up forfeit) has the luxury to ride out the market without sweating the load but what about those who currently have everything tied up in the stock market? In these uncertain times $ is flowing to tangibles which are always a safer bet than the stock market. Of course, here in the U.S. things are at this time more stable than over in Europe. It must be an extremely unsettling time for anyone imprisoned under the yoke of unelected EU officials.
Lisa, this is a good time to reflect on your portfolio, how it got there and your age.
In the last 5 years the S&P has dropped 13% while Gold has increased 44%.
As you increase the timeline the difference is even larger.
The S&P is the canary because the index is continually refreshed to only promote the winners and remove the losers.
The basic idea is to balance your investment in indices like the SPX as you age with hard assets like Gold, like 40%/20%, pick the ratio you're comfortable with. Stop trading hot stocks and start investing long term in your 40's.
Oh no, Lisa. Spending bucks right now means that your principal declines to surge back up with the market recovery, which will happen.
Like business, the time to self invest is at market peaks, not dips.
I agree that someone who is well diversified (i.e., has physical assets, including a stash of cash and some metal stored somewhere safe - and that means in your own safe, not in a bank 'safe deposit box' which may end up forfeit) has the luxury to ride out the market without sweating the load but what about those who currently have everything tied up in the stock market? In these uncertain times $ is flowing to tangibles which are always a safer bet than the stock market. Of course, here in the U.S. things are at this time more stable than over in Europe. It must be an extremely unsettling time for anyone imprisoned under the yoke of unelected EU officials.
Lisa, this is a good time to reflect on your portfolio, how it got there and your age.
In the last 5 years the S&P has dropped 13% while Gold has increased 44%.
As you increase the timeline the difference is even larger.
The S&P is the canary because the index is continually refreshed to only promote the winners and remove the losers.
The basic idea is to balance your investment in indices like the SPX as you age with hard assets like Gold, like 40%/20%, pick the ratio you're comfortable with. Stop trading hot stocks and start investing long term in your 40's.
Learn when to cool your jets...