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The Dow Jones plunged more than 5.8%, while the S&P 500 fell 4.9% and Nasdaq fell 4.7%. Labelling the COVID-19 outbreak as a pandemic would mean greater uncertainty as it sends jitters to markets and weaken business and investors sentiments. But it could also be an opportunity for those who are interested in buying stocks. How can we take advantage of this opportunity and what do we need to know before making an informed decision instead of a rash one?
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Short answer. Yes.
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Divide investable cash into 3 tranches. When s&p hits 2000, buy into an index. Then put in the other 2 tranches every time it drops 10%.
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Just Being Ernest
20 Mar 2020
Content Creator at www.youtube.com/c/JustBeingErnest
The following industries will face impact to their earnings.
If you feel that the price fall is beyond the expected impact to earnings, you can invest into them. Otherwise you can look into stocks not affected by the pandemic and will have sharp recovery. hotels
airlines
cruise
restaurants
transport
oil companies
tourist attractions
banks
I make videos about interesting stuff at youtube hereβββ
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Sharon
18 Mar 2020
Life Alchemist at School of Hard Knocks
1) Keep yourself updated of the trend where coronavirus is heading, as well as the measures taken by...
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The information we receive is difficult to use as a market timing signal. There probably are still some worse dates ahead. As we are no robust stock pickers passive indexing ETFs should be the way to go. Why not SP500 (as VOO or IVV)? Cost averaging will help.
If we think it all over, for many not so obvious, we even do not need to change any strategy faced with these happenings:
buying regularly well diversified large and cheap passive indexing ETFs and hold them forever
... as we did always before.βββ