Dollar Dithering & My Portfolio Panic

Right. So, the market. It’s been…a thing. A definite thing. All this talk of the dollar, and Trump liking it ‘great’ (whatever that means – does he like things generally, or is this a strategic pronouncement? It’s so hard to tell), has got me thinking. And when I think, I tend to…overthink. And when I overthink, I rearrange my portfolio. It’s a vicious cycle, really.

Apparently, a weaker dollar could help with the trade deficit. Which sounds…logical, I suppose. Although, honestly, I mostly just worry about whether I’ll have enough for a decent retirement. The whole thing feels terribly precarious. Units of Cryptocurrency Lost: 12. Hours Spent Watching Charts: 9. Number of Panicked Texts to Friends: 24. It’s a work in progress, let’s say.

Everyone’s suddenly very keen on precious metals, which feels…a bit late to the party, doesn’t it? Like turning up to a dinner party after everyone’s finished the main course and are already onto the petit fours. Still, gold and silver are apparently all the rage. I’m trying to be sensible, though. A basket of metals feels…less reckless than putting everything on, say, Dogecoin.

1. Precious Metals: A Shiny Distraction?

Gold’s topped $5,000 an ounce, which is…a lot of money. It’s enough to make one feel faintly inadequate, frankly. Silver’s doing well too. It all feels a bit frothy, though, like a cappuccino that’s about to overflow. I’m trying to be pragmatic. The abrdn Physical Precious Metals Basket Shares ETF (GLTR 4.41%) seems a relatively safe way to dip a toe in. Roughly 57% gold, 35% silver, a bit of palladium and platinum. It’s not glamorous, but it feels…responsible.

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2. Vanguard Total International Stock ETF: Escaping the Homeland

The idea of diversifying internationally seems…sensible. If the U.S. sneezes, at least I have some investments in places that might not be currently experiencing a cold. The Vanguard Total International Stock ETF (VXUS +0.58%) sounds…complicated, but apparently owns stocks in lots of different countries. Europe, emerging markets…it’s all very exotic.

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Taiwan Semiconductor, Tencent, ASML…these are all companies I’ve vaguely heard of. And then there’s HSBC and Nestle, which sound…comfortingly solid. Like a warm cup of tea. I’m hoping this will provide some protection if the U.S. market decides to have a wobble. Valuations abroad seem…more reasonable, which is always a plus.

3. Chevron: Oil & My Anxieties

Oil. It’s…complicated. And messy. And essential, apparently. And it tends to move in the opposite direction to the dollar, which is…convenient. I’m trying to be a responsible investor, but sometimes I just want to buy things that will go up. Chevron (CVX 0.94%) seems…relatively stable. It’s nearly doubled in price over the last five years, which is…encouraging.

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They’ve built up operations in the Permian Basin, which sounds…remote. And they’re returning capital to shareholders through dividends and share repurchases. Which is…good, I suppose. And apparently, they’re planning to boost crude oil exports from Venezuela. Which sounds…complicated. I’m trying to tell myself this is a sound investment, but mostly I’m just hoping it won’t lose all its value overnight. Number of times I’ve checked my portfolio today: 17. I really need a hobby.

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2026-02-02 20:53