Host Kenny Polcari, AInvest Managing Editor Adam Shapiro, and Interactive Brokers Chief Strategist Steve Sosnick to challenge the attention-driven Ray Dalio headline telling investors to “sell everything” and move into gold. They explain gold’s volatility and urge investors to question their instincts, seek outside challenges, and avoid reflexively buying every dip.
Let’s let’s look at the the the noise headline that has been blaring since Friday and we talked about it before this. Ray Dalio, saying sell everything, go to gold.
Okay, so I’m I think I’m watching the Fisher ads, you know, you know, I’d rather go to hell and sell an annuity.
The bottom the bottom line is that the the the media frenzy, Yeah. remember that Drudge Report, Yahoo Finance, um, Fox Business, MS Now,
they don’t exist unless they get your attention and you get your attention by by unfortunately the thing that makes people most afraid.
Right. So if you sold everything on Ray Dalio’s Right. you know, advice, okay, you know, and you can go to gold. Gold is today as we’re talking around 4700. Yeah, a month ago was at 4,000. Gold goes up, gold goes down, you know, so
just be very careful. But the way to get rid of it is, what does your own experience tell you? Look, I’ve been a terrible stock investor my whole life. The what worked for me was index funds actually. People say that’s crazy.
Right. But so I know when I’m taking, oh, that stock looks really interesting. I’m like, back up there a second Adam. Right. You always blow it when it comes to this kind of stuff.
So you should follow your own experience and you should trust your gut, but then you should get outside opinion to challenge what you’re thinking.
Right. Well, I think you should always get outside. I think, you know, if you want to do it yourself, you have to have some place to kind of do some checks and balances, right?
No, and and I think that’s important. You know, I do think though, um, just keep in mind past performance is no guarantee of future success.
and and and I’m not saying that as a boiler plate, my compliance guy over my shoulder thing.
Um, I think what’s going on that I think people have to appreciate is buying the dip has worked for what, 15 years straight pretty much. You know, not necessarily every trade, every tick, but it it and it’s very ingrained in people’s psyche.
And unfortunately, you and I have the scars to prove that it doesn’t always work all the time. And I think the more people are convinced of that that it will work, the more dangerous it becomes for when it doesn’t.
