We Are Affected Personally.
Who would have thought that a virus would bring the world and the markets to a halt?
Well, Bill Gates of Microsoft discussed it just 5 years ago and said it would cost the world trillions never mind the countless lives and families affected.
This is truly a time to let go and take hold of a new mindset of how I deal with myself, family and my career.
Affected Financially
Now as for the stock markets and investments are concerned, we all know that they are at the most volatile in history. Yes, markets have done this before its nothing new. However, it has never done this as quick as it has.
The markets have been left reeling at about an average of 25% down as of writing today. Having said that there have been stocks that have even lost 75% of there value. This is huge and what great opportunities to buy. BUT the problem is obviously balance sheet and will they survive this recession. Has the market reached the bottom yet??
I don’t believe so.
So, What Now??
Well, no matter my belief the point is that stocks are on average 25% lower . Therefore you should be at least nibbling at the market if you are sitting with cash in hand. And if you are dollar cost averaging at this point you should have started or increased that a month ago.
It surprises me though that so many are waiting and asking where the bottom is so that they can invest. Well good luck because as we speak you might have missed the bottom at the beginning of the week OR is it still to come and when it does hit the bottom and bounce back you are going to wait anyway and probably miss it.
I am just as surprised that people that were investing when the market was a bull market have decided not to when it is a bear market. It is just no sense at all to not take the opportunity when there are such great bargains in the market.
People this is Black Friday
So my conclusion to response to market crash is to have a clear Wealth Plan and your unique strategy.
