The lesson to be learnt is to build a portfolio that survives as it is impossible to predict a Black Swan event.
That is why I have invested in $Gold Trust Ishares(IAU)$ which is my ultimate safe haven, backed by physical gold bullion held in secure vaults. IAU is the 2nd highest Gold ETF in market cap after $SPDR Gold ETF(GLD)$ . However IAU has a lower expense ratio of 0.25% compared to GLD'S 0.40%. It also has a lower entry point of USD 99.07 vs GLD's last traded price of USD 483.75, perfect for a small retail investor like me.
Gold has been the star of the year, surging over 20% since January. IAU is up 21% too.
IAU is my parachute in this Black Swan event.
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