Seeking Alpha writer Erik Conley shares his views to responsible investors who have been caught up in the pandemic downslide. Notice in his charts for each bear market the Loss (%) and the years to recover for each. If the virus dies down we may see a more rapid recovery but we all know that this market was destined for a correction and the pandemic just ensured that it happened sooner. So read on and be encouraged (Also read the 235 and growing comments at the end of the article). Cheers to all battered but patient investors.
Summary
In these extraordinary times, even skilled and experienced investors are falling into the emotion trap.
The importance of having a Plan B for markets like this.
Most investors today remember the bursting of the tech bubble in 2000 and the bear market that followed. But my question is this: have they learned from it?
Reference link:
https://seekingalpha.com/article/4332684-going-to-try-to-calm-you-down