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<p>[QUOTE="myownprivy, post: 3637650, member: 84588"]There's no reason to panic. People who sell when the market goes down are the people who harm their own financial future and make decisions they regret. You should be in it for the long run, not the short term. One month from now, or maybe 3 months, or maybe even a full year you will look back at August 2019's value of your investments and see how much higher they are today in September 2019/November 2019/August 2020 or whatever. </p><p><br /></p><p>Secondly, you may look at your pretty stack of gold and see it approaching $1500 per ounce, and you may be tempted to sell it to make a profit of $250 per ounce, or whatever. Let's say you have four ounces of gold that if you sold RIGHT now you profit $1000 bucks. What would you do with that thousand bucks? You certainly wouldn't put it in the market right now due to uncertainly. So what should you do? Answer: nothing. If you need to pay your mortgage and are suffering due to the market being down, sell your gold and take that $1000 profit. But besides that, don't do anything.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3637650, member: 84588"]There's no reason to panic. People who sell when the market goes down are the people who harm their own financial future and make decisions they regret. You should be in it for the long run, not the short term. One month from now, or maybe 3 months, or maybe even a full year you will look back at August 2019's value of your investments and see how much higher they are today in September 2019/November 2019/August 2020 or whatever. Secondly, you may look at your pretty stack of gold and see it approaching $1500 per ounce, and you may be tempted to sell it to make a profit of $250 per ounce, or whatever. Let's say you have four ounces of gold that if you sold RIGHT now you profit $1000 bucks. What would you do with that thousand bucks? You certainly wouldn't put it in the market right now due to uncertainly. So what should you do? Answer: nothing. If you need to pay your mortgage and are suffering due to the market being down, sell your gold and take that $1000 profit. But besides that, don't do anything.[/QUOTE]
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