Heh. I did the same. I cashed out a small amount to retire some debt because the market was so high. Within a week I had recouped my cash out.
Now I’m down a big chunk, but as with any “correction”, dip, whatever, it all levels out in the long term. I’m not even remotely close to panicking. -D > On Feb 28, 2020, at 8:21 AM, Max Dillon via Mercedes <mercedes@okiebenz.com> > wrote: > > > If this guy is so sharp, did he, like I, see this coming a couple weeks ago > and sell out of the market at the top? I sold off a small portion to add to > my cash reserves, at the top, and I don't get paid to do this for a living. > The right advice, but too late to help, is of very little use. > > Max Dillon > Charleston SC > > Feb 27, 2020 11:57:39 PM Andrew Strasfogel via Mercedes > <mercedes@okiebenz.com>: > >> Good article from a sharp investment advisor: >> >> *Monthly Client Letter * >> >> *February 2020* >> >> Recent outbreaks of the novel coronavirus (a.k.a., COVID-19) outside of >> China has raised concerns about the virus’ containment. This heightened >> concern sent global stocks quickly lower over a few trading days as >> investors assess the potential impact of the virus on the global economy. >> While we don’t know how many people the virus will infect, the length of >> this viral cycle and what influence it will ultimately have on the economy, >> we do know that you may have some questions about how this might impact >> your investments. >> >> With that, we want to share three investment-related themes to keep in >> mind. First, don’t give in to the urge to take action. The news stories >> about the virus can be downright scary, but we need to remember that market >> prices react immediately to both good and bad information. To potentially >> make money or avoid potential losses, we would need to trade before it is >> news. And, of course, we don’t know the future, so any action would be a >> guess, and any positive result would be luck. >> >> Second, we need to keep perspective. This isn’t the first new virus we’ve >> seen, and this won’t be the last. SARS, Zika, H1N1 and others have all come >> and gone. While the concerns at the time were the same (e.g., How quickly >> will it spread? Will there be a cure? Will it slow down the global economy? >> Will it impact my investments?), our society has figured out how to >> overcome past viruses, and markets have done the same. >> >> In fact, markets have short memories regarding epidemics. Markets may >> initially react to the uncertainty and fear that comes with any new >> concern, but, for the most part, viruses get contained and investors return >> to corporate and economic fundamentals. We can see this pattern in the >> adjacent table. Market returns generally have been up in the six- and >> 12-month periods following the outbreak of a virus or disease. While this >> is a small sample set, we know that keeping focused on the long-term >> helps us keep a level head during >> all kinds of storms. >> >> The third and final idea we want to share is to be on alert. Believe it or >> not, the Securities and Exchange Commission had to issue a public warning >> that fraudsters are attempting to play into our natural emotions of fear >> and greed during this period of uncertainty. There have been reports of >> social media posts and online ads promising a huge profit by investing in >> companies that have supposedly found a cure for the novel coronavirus. >> We’re sure we sound like a broken record on this topic, but there are no >> sure things or get-rich-quick strategies when it comes to investing. >> >> Before we wrap up this brief, we want to make a couple observations about >> the virus. First, one statistic that we haven’t heard much about in the >> press is on the number of people that have recovered from the virus. >> According to information tracked by John Hopkins University, over 30,300 >> people have fully recovered from the virus. While it does have a slightly >> higher mortality rate than some of the more recent viruses, catching it >> doesn’t mean you will perish. The odds are that our immune system will >> fight it off. Further, while the number of infected people outside of China >> has grown, the overall number of people that are contracting it appears to >> be on the decline. This suggests that containment measures and safety >> precautions may be working to limit the spread. >> >> Our advice remains the same, to stick to your long-term plan and tune out >> the noise. We invest client money in a way that isn’t dependent on lucky >> guesses or get-rich-quick schemes. We use investment strategies and prepare >> financial plans that assume events like these will come and go. So, please, >> stay positive and focus on your family and your health. If you want to >> think about the virus, send positive thoughts toward those infected by the >> virus. >> >> If you have any questions about your investments, need to inform us of >> family or work-related changes, or want to discuss your financial planning >> needs, please reach out. We are here to help you reach your financial life >> goals! >> >> Sincerely, >> >> >> On Thu, Feb 27, 2020 at 10:02 PM Rick Knoble via Mercedes < >> mercedes@okiebenz.com> wrote: >> >> >>> >>>> "Blow up your TV, throw away your paper, >>>> >>> go to the country, build you a home. >>> Plant a little garden, eat a lot of peaches, try and find Jesus on your >>> own" >>> >>> Written by Chicago native John Prine. He was very good friends with >>> another Chicago native, Steve Goodman. >>> >>> Both awesome lyricists. >>> >>> https://youtu.be/oPwq0YoOy4g >>> >>> Rick >>> >>> >>> _______________________________________ >>> http://www.okiebenz.com >>> >>> To search list archives http://www.okiebenz.com/archive/ >>> >>> To Unsubscribe or change delivery options go to: >>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >>> >>> >>> >> _______________________________________ >> http://www.okiebenz.com >> >> To search list archives http://www.okiebenz.com/archive/ >> >> To Unsubscribe or change delivery options go to: >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com >> > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
