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I lost six figures during the stock market drop, but I kept investing - Business Insider

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'The COVID-19 pandemic gave me a true test to see if I could avoid selling and stick to my plans'

with a long-term time horizon. I could have tried to beat the market by actively trading, but I didn't have the patience or the time to investigate each investment on an ongoing basis.

Sure, there were a few corrections where my investments decreased more than 10%. But there weren't bear markets where my investments fell 20% or more. I wouldn't know if I could stick to this strategy until I experienced a bear market.The beginning of 2020 started strong. My portfolio continued to grow with the market and hit an all-time high in mid-February. Initially, it looked like 2020 would be another outstanding year for my assets.

Rather than freaking out, I saw this as a buying opportunity. At a time when many others were panicking and selling their investments, I decided to purchase more. Despite this dramatic decrease, I never once considered selling my investments. I've commonly read reports that state missing only a few of the best days in the stock market. The ironic part is many of the best days in the stock market come shortly after some of the worst days.

 

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