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Are you the ideal investor ?
If you panic and react to every small drop or rise, you might end up making decisions that harm your long-term goals
23 October 2024 · Wednesday
Good evening, WeekendInvestor
Today’s Daily Byte
We are currently witnessing a correction in the markets. The markets opened down from yesterday, had a sharp bounce in the very first hour, and then towards the end gave up some of the gains of the day. Overall, nothing special in terms of direction; the market remains down. Some bounce is there, and some sectors have propped up today, but largely the correction is in play and it will probably continue.
We’ll look at different segments of the market and where the cracks have opened up.
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The ideal investor
Market volatility is something that every investor faces. Markets go up and down, and sometimes it can be unsettling. However, it’s important to step back and assess your approach during such times. Like a calm investor who stays composed amidst chaos, staying cool in the face of market turbulence is crucial.
If you panic and react to every small drop or rise, you might end up making decisions that harm your long-term goals. . . . .
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Which of the following asset classes is generally considered the safest in times of economic uncertainty? Where do you like to park your money during uncertain times? |
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What will do better in the short term Crypto or Gold
In recent years, the market has seen a fascinating comparison between the growth of cryptocurrencies and gold. A specific chart, tracking the ratio of the total crypto market to the price of gold, offers an insightful look at how these two asset classes have performed relative to each other.
Over the last eight years, cryptocurrency markets have grown much faster than the gold market, but the relationship between the two has not been a straight line.. . . . .
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