“Don’t panic. It’s probably true that the virus will get worse and the market will go down further. But take the long view. The reason the market if flying so high is trump has reset the environment in which it lives. He is reducing the worst drag on our economy and that is government interference.
I wish I wasn’t fully invested as this is a great buying market.
Take a deep breath. Turn off the TV and the computer and go fix yourself a drink. Peace, brother.”
Gen. Blather, thanks that actually helped bring me down a few notches. Great advice. I’ll definitely have a couple of bourbon shots after work. BTW I’m a gov contractor as well.
A good rule is your age as a percent of portfolio in bonds.
Look at the performance of EFT TLT (long treasuries) vs SPY (s&p) over the last few weeks.
TLT is a great hedge against this sort of thing.
Because I am in Canada, i have some in Canadian bond and stock ETFs as well as US. Canadian bonds were doing well, but they are starting to sag now as well, as is the $CDN.
In the extreme, the flight to safety is US dollars and US treasuries.