I mentioned before that I bought two safe haven bets (TMF and NUGT) back in September. They were at times down over 25% combined, but as of today I would have finally climbed back to even if I had not sold in November/December. There was a big gain in safe havens based on speculation in the months leading up to last September when I bought. The news now about coronavirus is driving them up, but I think it's indicative of the fact that there is a lot of potential energy wanting to push safe havens up given the right news. Can you imagine if the unemployment rate rose significantly? Can you imagine how much safe havens would climb then?
One of the tricks I learnt from investment is that if the price has fallen and could rise again, unless you have to sell the product hold on to it. There is a good chance the price will rise again, the question is how long can you hold on to it before you have to sell? This is a big area for investment in pension saving, the maturity date requires you to buy an annuity with a pension saving pot that can fall but this will reduce your return. You can't hold on to it unless you get income drawdown to defer the annuity purchase, with this type of investment it is more about patience and the idea the market will return to normal which usually pays off. Keeping a calm perspective on investments when they fall especially secure safe bet investments will help you to appreciate the price is likely appreciate in the future where you can chose to unload the product once you have broken even or not lost on the investment or hold on an get the base rate market return for the period that you invested in. This strategy has helped me in market investment many times, just reviewing the chance of the price returning to what you anticipated it should be and keeping a cool attitude that it will. As long as you make the investment on sound principles and can wait for the return you usually get it.
If it goes any higher and I would have made money, then my original prediction was correct... That safe havens would go up through 2020. Unfortunately I had to sell to pay for something else.
That is the problem that catches people, that they can't hold on to a product for the length of time it takes to get the price they wanted. If you need the money or might need the money in the future put it into fixed value and fixed return investments like bonds, that way you can avoid making a loss if you need money quickly. Corporate bonds are good at the moment, I explain that in article I wrote below. http://morganisteconomics.blogspot.com/2019/11/money-migration-low-fed-interest-rates.html
%% You can probably find something that trends better than gold; some pay dividends+ some does not pay dividends+ trends better, trends longer+ trends >%.Remember the MS[Morgan Staley] millionaire noted they will try to frighten you out of your position.[David Bach/Start Late + Finish Rich.................................................] Have to sell is most always the weakest way to do it.Hope this helps; it helps me