PSA: If your time frame is 10, 20, 30 years, don't panic sell.
Mar 12, 2020
6 Comments
This needs to be reiterated: if your timeframe is long-term, go to the S&P 500, scroll out 20+ years and look at the general market trend. Print it out.
It is hard to remain emotionless during a large downturn, but people who trade more tend to lose more.
Lots of people here with TC 300k and YOE: 4. This may be their first experience with a rough bear market. The bear has lost everytime.
Don't try to guess when it will end either. That will further tear your account up. We could go sideways for months.
Most people here are younger, high earners in a high-demand field with good health. Be grateful.
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If the virus doesn’t diminish with warmer weather, it’ll tank summer box office receipts. Some big budget releases are already being pushed back.
Seattle’s a good place to look at for reference - friends in SEA went out the other day and sent us pictures - normally bustling shopping areas were practically ghost towns. All those little shops can’t survive that for long. Either people get tired of quarantining themselves or we’re gonna see a lot of businesses go under as this stretches into the year.
At the same time, social media and gaming companies will probably see increased DAUs. Companies that provide products and services that support remote work are likely going to thrive. Home entertainment in general will be big. If FB/Oculus and others are able to keep their supply chains going, they’re probably going to see an uptick in VR adoption. Facebook’s Portal probably has more of a future in a world where many more people work from home.