ACTION POINT
STICK WITH YOUR INVESTMENT DISCIPLINE
STICK WITH YOUR INVESTMENT DISCIPLINE
- KNOW YOUR RISK TOLERANCE
- STAY WITH YOUR ASSET ALLOCATION
- REBALANCE WHEN IT GETS OUT OF WHACK
- BE DIVERSIFIED AMONG:
-
RISK ASSETS, LIKE STOCKS
-
SAFE ASSETS, LIKE SHORT-TERM TREASURIES
-
HEDGES AGAINST DISASTER, LIKE GOLD
CONSIDER SOME “HOMEBODY” INVESTMENTS
CONSIDER SOME “HOMEBODY” INVESTMENTS
Rosenberg thesis: Transitioning permanently to more frugal “homebody” economy
“HOMEBODY” BENEFICIARIES include:
- Home OfficeTechnologies (cloud)
- Telecommunications
- Utilities
- Food Suppliers
- Diversifiers include:
- – Gold
- – Treasuries
REASSESS YOUR EXPENSES
REASSESS YOUR EXPENSES
- COVID-19 a wakeup call
- Doing without many activities
- Many former luxuries, not necessities
STAY CAUTIOUS
STAY CAUTIOUS
- No one knows how the global recession will play out
- Profound changes occurring
- Time to be prudent and cautious
HAVE AT LEAST ONE ASSET THAT IS NOT CORRELATED TO THE STOCK MARKET
HAVE AT LEAST ONE ASSET THAT IS NOT CORRELATED TO THE STOCK MARKET
ADD SOME GOLD TO YOUR PORTFOLIO
-
LARGE AND ESTABLISHED GOLD ETFS:
- SPDR GOLD SHARES ETF (GLD)
- ISHARES GOLD TRUST ETF (IAU)
- 3 MONTH TREASURY BILLS AND OTHER TREASURY SECURITIES
- CAN PURCHASE TREASURY SECURITIES DIRECTLY FROM U.S. TREASURY AT TREASURYDIRECT.GOV
CASH AND CASH EQUIVALENTS
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