by James Rickards
Daily Reckoning
What’s the best way to survive a financial crisis with your wealth intact? The answer may surprise you.
Many investors would say, “Sell everything, and wait until it’s over!” That’s almost never good advice.
In the first place, some assets perform well in crises, and you should hold onto those. Secondly, how do you know a crisis has actually started?
What seems like a crisis may just be a short-term bump in the road. And finally, how do you know when it’s over? There were numerous 20% stock rallies during the Great Depression even as stocks were grinding lower over a three-year crash.
