Alright you guys.
Tough times out there.
If you had 350.000 Euro 1/3 in a stock depot the other in a bank managed fund 50.000 just on your savings account
What would you do to protect it considering the current situation ( oil crisis hitting )
I have no idea and don’t want it to just go to crap.
If you don’t mind give me your personal opinion. Thank you very much.
Oh and don’t worry professionals were contacted but I don’t trust them 100%.
Crisis Advice Needed
byu/GoodGirlgoneAnxious inpersonalfinance
Posted by GoodGirlgoneAnxious
2 Comments
What do You think of invest in Gold ? I am from Poland and we have as I remember tons of Gold and Gold is always a good investment . These days , as You said difficult times , it will be even more valueable .
First off, don’t panic. €350k is a solid position to be in and honestly the fact that you’re even thinking about this puts you ahead of most people.
Your allocation is already somewhat diversified which is good. The stocks portion will naturally fluctuate with oil/energy prices but that’s normal market behavior, not a crisis. Unless you’re heavily concentrated in like one oil stock specifically?
A few practical things:
– That €50k savings cushion is great. Keep that liquid, don’t touch it. Thats your safety net.
– For the bank-managed fund, ask them exactly what sectors you’re exposed to. A lot of European managed funds are actually pretty diversified already, so you might be worrying about something that’s already handled.
– If you really want to de-risk the stock portion, you don’t have to sell everything. Just trim your most volatile positions by 10-20% and move that into broad index funds or bonds.
The worst thing you can do right now is make a huge emotional move based on headlines. Markets recover, they always do. The people who lose money are the ones who sell at the bottom.
What country are you in btw? Tax implications might matter depending on where you’re based.