Beware the gold bugs but depending on who you ask 5, 10 or up to 15% of your portfolio can be in gold to diversify your portfolio. Key is to pick a percentage and rebalance on a set schedule. I will likely be selling on my next rebalance since equities are low and gold is high. Freaking out is not advised.
For people not familiar with this, hodl and rebalance (neither early nor late) goes for the non-crisis investments too. The beauty of it is that, inevitably, one of your things is going to preform poorly, and you’re guaranteed to buy the dip when that happens. Panic selling is death, it makes you do the opposite.
Beware the gold bugs but depending on who you ask 5, 10 or up to 15% of your portfolio can be in gold to diversify your portfolio. Key is to pick a percentage and rebalance on a set schedule. I will likely be selling on my next rebalance since equities are low and gold is high. Freaking out is not advised.
For people not familiar with this, hodl and rebalance (neither early nor late) goes for the non-crisis investments too. The beauty of it is that, inevitably, one of your things is going to preform poorly, and you’re guaranteed to buy the dip when that happens. Panic selling is death, it makes you do the opposite.