@@Neglected_Nuggets I am neither buying gold, nor making any changes to my portfolio, for three reasons: (1) My portfolio is good (you can take a look at it on www.canadianmoneytalk.ca) and I don't want to mess it up because of 3 days of selling that happens fairly frequently (a 10% correction happens about every year), (2) trying to time the market doesn't go well, so you'll get it wrong anyways and (3) I don't believe in gold anyway, since it doesn't really have any intrinsic value or usefulness, it just has a history of not rusting 🙂. If you feel you can't stomach the volatility, wait until the market recovers (don't fix the ship in a storm) and make your portfolio safer by adding bonds and bigger company stocks (or appropriate ETFs), which won't move that much.
Historically, the economy and the stock market have been up and down, but eventually will be fine.
People try to scare you because fear gets you to click
Over time, the market goes up and our society overcomes everything
All economists have an opinion, but frequently they are wrong, or too early, or too late
Should we be buying gold instead of stocks for now?
@@Neglected_Nuggets I am neither buying gold, nor making any changes to my portfolio, for three reasons: (1) My portfolio is good (you can take a look at it on www.canadianmoneytalk.ca) and I don't want to mess it up because of 3 days of selling that happens fairly frequently (a 10% correction happens about every year), (2) trying to time the market doesn't go well, so you'll get it wrong anyways and (3) I don't believe in gold anyway, since it doesn't really have any intrinsic value or usefulness, it just has a history of not rusting 🙂.
If you feel you can't stomach the volatility, wait until the market recovers (don't fix the ship in a storm) and make your portfolio safer by adding bonds and bigger company stocks (or appropriate ETFs), which won't move that much.
💯👍
SELL EVERYTHING
That's one way to go, I guess. Historically, it doesn't work out, but to each their own. 🙂
Cool as cucumber......