Let's say you had a $1 million portfolio, split between U.S. stocks and bonds , on Jan. 1 of this year, at which point news of the coronavirus was just starting to trickle out of China.
By Monday, March 23, your savings would be down to about $780,000. Ouch. You might have been tempted to get out. Yet, if you'd tried to time the market and moved to cash on that day, you'd have missed the massive gains the market saw the very next day, on Tuesday, March 24, when the Dow Jones Industrial Average hadAnd that portfolio, as a result, was back up to more than $830,000. , vice president of financial planning at Charles Schwab, adding that investors have been moving to cash and other defensive assets such as bonds as of late.
Despite the unprecedented times, some things never change: If investors can't tolerate losses, they'll also miss out on gains., founder of financial advisory firm Wealth Logic in Colorado Springs, Colorado.
Until every single city becomes desolate...fulfill the prophecy of Babylon falling!!!
All those people working in financial market and WallStreet and banks. One thing is sure, somebody has to pay for them, don`t you think it is MainStreet.
Don’t freak out and invest in $DKNG and $PENN
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Source: Forbes - 🏆 394. / 53 Read more »