HisArpy
Loose canon extraordinair
- Joined
- Jul 30, 2016
- Posts
- 43,760
While I and Arpy tend to disagree on most areas, I do agree in most part with him on the stock market.
Historically the market has always recovered from these situations. How it's recovered and what the winners and losers were is different, but it still recovered.
I follow simple rules in my investments, first I only invest in what I can afford to lose, second, I never track it daily or monthly, I have an investor who gets paid for doing that.
I just check out the year over year results.
Is right now a good time to investing? I don't know? Am I just throwing away that money? Maybe, but what else should I do with it? If the economy fails, the bills are not even good for TP since they have more plastic in them now than cloth and paper....
At some point between now and 18 months out, the world will have adjusted one way or the other to COVID-19 epidemic. Is it a vaccine and a return to a similar economic model as in the past. Or will it be some kind of modified system who knows, but I am confidant that the situation that we are in now will be over in 2022, if not earlier.
Most one-to-one financial investment advisors won't touch an investment account less than 250K. The brokerage houses like Schwab, E trade, and the rest will give you some guidance, but small time investors are mostly left to fend for themselves.
That makes it tough and why most financial people tell small investors (like me) to invest in mutual funds. It's a way to start investing, but mutual funds shouldn't be the only way you invest. That's why people need to take an investment risk analysis test.
I think the CV19 crisis will be over and gone by this fall. We'll know the damage and what works to help fight it so that next winter we'll be ready for it's resurgence. We'll figure out a way to still be able to keep the lights on even in the face of that. Because a 3 month shutdown every spring isn't a viable option.