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Tempted by ‘safe’ assets in times of uncertainty? Think again
06 May 2024
Hugh Chung, Chief Investment Advisory Officer at Endowus, discussed the risks of investing in safe-haven assets, such as gold and oil, during times of uncertainty. Depending on the time these assets were purchased, the returns (and losses) of such assets can vary by a large margin. One should not try to predict market downfalls and instead, adhere to the same disciplined, goal-based, long-term plan regardless of economic conditions.
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