It was long enough (several weeks) to load up on almost any stock. SP500 was down under 2300. Now close to 4000. That is 74% gain in 12 months.
Yes, and I did very well. Think about if it had not bounced back as quickly as it did.
All the gains folks celebrate...evaporate. Often times it takes years to get back to even, losing those same years of growth.
I’m afraid of the markets. Too close to retirement. Afraid in that the little guy investor doesn’t stand a chance when large 20%/30% corrections occur due to computerized trading by huge investment firms.
I’ve spent years attempting to understand the ins/outs of investing. The one thing I’ve learned without a single doubt...stock analyst and the talking heads don’t know diddly squat. They have just enough head knowledge to make many believe their market sages. Fact is..they’re just guessing.
We are sooooo long in these markets without a substantial correction pulling out all the bad/puffed up nonsense.
Last March proved to me just how quickly you can lose 40% of the value of your portfolio. I choose a tad lower returns for safety.