I can understand why you might be…

Many of my friends in the past few years have fared well with their strategies. Since 2002 they have been through the lows of 2003 and 2009 and maintained an iron grip. They have traded well and got some hefty profits. But now everything is becoming a little on edge… My forex friends are becoming increasingly nervous with every new open trade.
Forex, gold and real estate used to be the backbone of any portfolio. Now they want to sell some of the forex investment and put it in a solar system on the roof, more metals and new technology. “We must diversify” they say. Really? Only a few months ago they insisted on buying just EUR/USD.
In these uncertain times their brain stem for fear is working, and not the investment node.
Yes, you should diversify. But solar systems with four to six percent return calculated after tax savings? There are enough forex pairs that yield profit of six per cent in a very short space of time.
Yes, eventually things pop. Yes, gold still belongs in every portfolio. But sticking to what you know is, for me, the safest safe haven there is in these uncertain times.
- Jeff
Jeff Young is the senior technical analyst at AppliedFX.com, please leave your feedback and comments on this article using the form below.
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