Wow- big drop today-
Gold miners dropping 8-10%-
It hurt my portfolio but given that I am holding gold for the long term, I didn’t care much. But bought more to swing trade-
Tomorrow, unemployment numbers will be out and if it is bad, then more drop.
But I can hold on- This is why you always need cash-
I did not plan to put much more money in before the election but 10% drop in gold miners- Hard to resist-
REITs also dropped but I could not put much money in REITs because gold miners offered a better opportunity.
So tomorrow, we will see-
Any rebound, I will sell the gold miners that I bought today and wait it out.
If no rebound, I can hold on- The gold trend is upward so- No problem holding on-
Wish I could buy more REITs but need to conserve cash- I may put the money that I earn from selling the miners into REITs.
Regardless who wins, the economy will open- If they shut down the economy, it will destroy the economy more and the new president will get the blame.
And the stimulus will come too-
So things look positive for REITs as well-
Very thankful that I have cash and hold on-
Remember, cash is KING 😀
Thank You Jesus for another blessed day- Jesus, let us not panic but always be still and enjoy Shalom- Amen!
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