How has the stock market performed since the Coronavirus crash?


Remember this day about a year ago? The market had just crashed 30%+. We were in the most extreme phase of lockdown. Everyone KNEW the pandemic was going to get worse. Everyone KNEW the economy was going to take an unprecedented hit. Everyone KNEW a recession was looming. Everyone KNEW unemployment would hit levels we haven’t seen since the great depression.‎

On that day, did you expect the next 12 months to bring a +62.7% return in the US stock market? I didn’t. But at least I was wise enough not to panic and sell any of my investments. And I was rewarded for my inaction! Today stock markets around the world are at an all time high, and my personal net worth continues to break records. (Over $4.1m this month)‎

Remember, all the bad stuff you hear on the news about upcoming economic gloom and doom is already “priced in” to the market. When you buy during that time, you’re getting the discount based on that news (even if the market is at an all time high!) When the market was so low a year ago, it was because everyone KNEW all that bad stuff was coming. But as our country figured it out, confidence was restored and the market shot back up. ‎

As Warren Buffett says, “Be fearful when others are greedy. Be greedy when others are fearful.” What are people greedy and fearful of today?‎

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.‎

-Jeremy‎

via Instagram

LEARN TO INVEST!

How to invest course

LET'S CONNECT

ABOUT

Jeremy Circle

Hi, I’m Jeremy! I retired at 36 and currently have a net worth of over $4 million. 

Personal Finance Club is here to give simple, unbiased information on how to win with money and become a multi-millionaire!

MORE BLOG POSTS

Whether you buy or rent

Should I buy or rent?

Whenever I point out the costs associated with homeownership the pitchforks come out and some commenters accuse me of being wrong that renting is always better. But I didn’t say renting is always better! My point is that rent OR

Read more →