Investors Should Stay With the Trend and Not Panic
- •Hey everyone, just read this article by Jack Chan over at Streetwise Reports: "Investors Should Stay With the Trend and Not Panic" .
- •It's an interesting read, especially his take on gold and silver right now.
- •I remember back in '08, watching my retirement nest egg shrink, and I almost pulled everything out.
Hey everyone, just read this article by Jack Chan over at Streetwise Reports: "Investors Should Stay With the Trend and Not Panic". It's an interesting read, especially his take on gold and silver right now. He's really pushing for sticking with the trend and avoiding knee-jerk reactions, which honestly, is easier said than done when the market gets choppy.
From my own experience, especially with some of the more volatile parts of my portfolio (I've got a decent chunk in junior miners that can swing wildly), panic selling has almost always been a mistake. I remember back in '08, watching my retirement nest egg shrink, and I almost pulled everything out. Glad I didn't! So, his advice to "stay with the trend" really resonates. He even shares a trading strategy for those in the precious metals space, which I'm definitely going to dig into a bit more. I'm always looking for ways to optimize, especially since I'm trying to set things up for my kids' college funds in a few years.
What are your thoughts on this? Do you find it hard not to panic when the market takes a dip? And for those of you in gold and silver, do you agree with his assessment of the current trend? Would love to hear if anyone has followed his strategies before and what your results were!