• The Noob Investor

I Too...Sleep Like A Baby

In The Short Run, The Market Is A Voting Machine...

Prices can go anywhere in the short run. In Feb 2020 the SPY was @ USD 330-340/share. In August 2020, the SPY was @ USD 330-340/share. What we don't say is that in the span of these six months, the SPY went as low as USD 220/share.

And this is just for the index! If even the index can fall 33%, just think about those industries directly hit by COVID-19.

That's not to say you won't panic. Any normal person looking at such a situation for the first time might feel confused, and cry a little. But once you have done that, take a good look at your portfolio to see which are the ones that can stand the test of time, and for those that can't, it might be time to reassess their merits of being in your portfolio...

As always, "Come for the laughs, stay for the fun times".

#invested #sleep #baby #market #rollercoaster #comic

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