According to data from Fidelity Investments, over 30% of investors aged 65 and above sold all their equity holdings this year. By comparison, less than 20% of all investors made the same mistake. Although the data doesn’t pinpoint exactly when most of the transactions occurred, it’s likely it was sometime when the market was at…
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Does it seem to you that the stock market is totally disconnected from the reality of the economy? Business news has been as bad as it gets. The number of unemployed workers has reached record-setting levels while GDP has declined to levels not seen since the 1930s. Federal debt has increased by over $3 trillion.…
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Whenever stock prices take a hit, volatility generally increases. By that I mean daily price swings become more extreme – both in size as well as in speed – as compared to longer-term averages. That’s the situation in which we found ourselves after COVID-19 decimated world economies. When was the last time you saw the…
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During times of stress we naturally feel the urge to do something, if only to create the illusion that we have some degree of control over the situation. But after a market meltdown advisors will tell you (correctly) that selling stocks now would achieve nothing except to lock-in losses. So doing nothing, especially if you…
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As I write this the S&P 500 had ended the day’s trading with a 12% decline. That’s the second greatest one-day loss in its history, and we are sure to hear all about it in the media. We will also be told that the S&P 500 is in “bear market” territory, the term used to…
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With the Coronavirus spreading and equity investors panicking, you might be wondering where this will all lead. Although the Coronavirus itself may be new, it certainly isn’t the first pandemic to strike the world. AIDS first appeared in June 1981. Since then we’ve had SARS, avian flu, swine flu, MERS, Ebola, and Zika, just to…
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