03-28-2020, 08:08 AM
(03-28-2020, 07:23 AM)rayray Wrote: https://marketbusinessnews.com/financial...-recovery/It is but there is more than one way to do it. Been there and done that for 35 years Ray. It's how I semi-retired at age 54. It didn't happen because I have no spine for a down market. I wised up early during the GFC and missed half of that beating. I was slow to react this time. Last week was a gift and I was able to take back a significant portion of my losses. I won't cash out. Last week proved that a flawed plan, but I will invest defensively and ride it out. I'll play the cards this market deals me and that means there will be days I sell some stocks. It is a little different this time and I will adapt. This volatility is historical. When I can buy a good quality company for BK prices I will do that. If it happens to pop higher 20-30% in days, I will sell it and not look back.
Hard to predict but I'm thinking V-shaped or W-shaped recession...depends on this covid-19 and if there is a relapse after things stabilize or a resurgence in the fall.
The U-shaped would give us a longer time to accumulate investments at reasonable prices.
Not sure which one is less stressful, guess it depends on your comfort level in certain market conditions.
This is when money is made fellas.
In the end I think it will be a U shaped recovery, so perhaps 5-7 years from market top to top. Just like the last two significant recessionary events in my investing lifetime. I can't erase what actually happened. I am going to hope it is just three years instead. I don't underestimate the amount of money our Prez will coerce the FED into printing before the election. This will save us from a catastrophic drop, for now. The entire world is now all in on printing money. That has never happened before to my knowledge. Keep buying through it and you will be OK. As long as you have a 10 year horizon it will work out for you in the end. I'm not waiting 10 years so blind faith is not an option for consideration.