Hello to all on ST,
Long time poster turned longer time lurker. It is good to see plenty on here still around and posting up quality information. To those who have passed on, I am sure they are watching over us and sighing heavily!
So, first of all, let me say that all of this is totally unprecedented. No one can blame you if your jaw is on the floor on a daily basis - absolutely no one. I could not foresee this, everyone I talk to never saw it coming until too late, even permabears are in shock at the speed, ferocity and unmitigated mauling we have all received. I am a historian by trade and delve into the vagaries of historical markets and can confirm the metrics are off the charts - VIX topped out at 85 (just below the GFC); fastest monthly decline on US indices; multiple largest point swings on the DJIA on a daily and intraday timeframe; some of the biggest %age declines since 9/11, 1987 & 1929; US 2Y, 5Y, 10Y & 30Y Treasury swings in orders of magnitude unheard of and reaching all time lows; biggest declines in oil since the Gulf War, etc. etc. It's literally all making history, all at once.
One smart poster called it, "a super turbo charged fast moving and clawing bear". This is the most apt description I have heard yet. If you didn't see it coming, no one blames you, so stop blaming yourself.
Now that you are all in lockdown and not working too hard (I hope), this is the perfect time to review your startegies and tactics. What has worked for you in the past? What hasn't? What are you going to change? What have you learnt from these processes? It's also the perfect time to do some deep digging on individual companies and start picking those that have a solid revenue stream regardless of the macro situation, a good cash position, great management, an enviable track record and, most importantly, those that will grow EPS once this is all over. It isn't up to me or any other poster on here to do this for you. It is YOUR money and YOU manage it - act accordingly. Use your free time wisely, as you won't have a massive opportunity ever again (I hope).
A very wise Legend of this site reminds me during time like these that, "The Comet always misses the Earth". It may seem like the world is ending, but I can assure you it is most definitely not ending. The Reformed Broker has some great advice in this type of situation and how to get through it:
https://thereformedbroker.com/2013/1...arket-crashes/
Above all else, remember, no matter how bleak the situation, it is only money on the line. You have more people than you may realise who will support you, listen to your problems and help you out in your time of greatest need. During these unprecedented times, take care of your family and friends first most, be patient and be kind to others. Together we will get through this.
The sun will rise tomorrow, the birds will continue to chirp and the
Moose will still be roaming the wide bushlines of NZ.
Take care all,
Moosie