4 ms·
> By the time you buy gold as a hedge, it is often too late I just pick a percentage and keep that as gold in my portfolio. Trying to time it, just makes me n
by bartvk 5y ago
> By the time you buy gold as a hedge, it is often too late
I just pick a percentage and keep that as gold in my portfolio. Trying to time it, just makes me nervous. I think I keep around 15 percent or so.
- npteljes 5y agoThis is the way. From what I read, it's really, really hard to time the market, and often, not even that lucrative. One of the best strategies seems to be to go against human nature, and be patient, consistent, and to stick to a plan over a long time.
- bartvk 5y agoYeah and I get that lots of people don't feel like parking 15% of their savings in something that's not really yielding. But it keeps the heartburn away :)
- Breza 5y agoI totally agree. I have no idea what's happened to the stock market over the past week and I'm at peace with that. If the market goes up, I have more money. If the market goes down, it means I'm getting a better deal with my per-paycheck investment transactions. I recently finished When Genius Failed, which is a great book that further convinced me to stick with my lazy approach.
- scotty79 5y agoSame strategy works with bitcoin. Put 15% in it and just keep it. On the next bull run it will become >90% of your wealth. Really no need to scale it back to 15% then unless you need this kind of money.
- Breza 5y agoWow, that's a lot of gold. I prefer something akin to the 60/40 approach. Then again I'm decades away from retiring. I might become more conservative as the day I start needing that money draws near.