Fred,
Interestingly, I looked at my Merrill Lynch account today which also includes a total “NET Worth” section based on inputting all of your “other assets” and liabilities so you see a total picture.
For the 3 months thru yesterday that figure is down about 11.5% (not as bad as I thought).
I then did the compare for 12 months. I’m basically at break even from where I was at 4/1/19. Now granted that Includes new money that went in, primarily 401k contributions and matches from our employers but I was very surprised. The huge “growth” which we had experienced until last month was all “paper gains” as these are paper losses now.
There is definitely some hope for optimism for a good climb back.
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I think so. We are in day 3 of a rise and that’s with a 3.2 million job claims number. It’s kind of like TP. Panic always makes things worse and people overdue things. BTW, the purchase of TP has subsided.
I knew the US government would step in. I knew the economy was well before this. I know the world researchers are on it. They will find a solution. We know from other nations, this thing does subside (numbers down in China).
Frankly, the only people who got smoked were those on margin.
They were forced to sell causing a blip down.
That is not to say though that we still may have market turbulence here and there. However, once the weak holders are out and shares are in stronger hands, and this issues subsides, I think we are in for huge gains. I just think you have to stomach the violatility.
In short, I’ve been buying when panic is the highest and I think, over the long haul, it will pay off nicely.
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