OWN SOME SAFE HAVEN INVESTMENTS VOLATILITY ON THE UPSWING MORE FREQUENT MARKET DISLOCATIONS GROUP THINK DRIVEN BY ALGORITHMIC TRADING Watch the related WEALTHTRACK episode.
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 Watch the related WEALTHTRACK episode.
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 Watch the related WEALTHTRACK episode.
REASSESS YOUR EXPENSES
REASSESS YOUR EXPENSES COVID-19 a wakeup call Doing without many activities Many former luxuries, not necessities Watch the related WEALTHTRACK episode.
STAY CAUTIOUS
STAY CAUTIOUS No one knows how the global recession will play out Profound changes occurring Time to be prudent and cautious Watch the related WEALTHTRACK episode.
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) CASH AND CASH EQUIVALENTS 3 MONTH TREASURY BILLS AND OTHER TREASURY SECURITIES CAN PURCHASE TREASURY SECURITIES DIRECTLY FROM U.S. TREASURY AT […]
