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.
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...