When the market tanks (and it will), it’s easy to panic and “flee to safety.”
Don’t do it.
In fact, do nothing.
The long term (January 1802-June 2018) compound annual real return for a broadly diversified portfolio of stocks averaged 6.6% a year, after inflation.
The pundits will tell you to buy gold when the market goes down.
For this same period, the real return of gold averaged 0.5%.
You’re in this for the long haul.
If your retirement is 5-30 years in the future, ignore short-term market volatility.
Focus on the risk you are taking and the costs you are incurring.
Consider a portfolio of low-cost index funds, globally diversified, with an allocation to stocks suitable for your risk tolerance.
Ignore the financial media. It’s just noise.