Just a quick example. In February and March 2020 I was selling all my portfolio when the stock market was going down. I made some money but I didn't rebuy up until September 2020 missing a lot of gains. I thought that a global pandemic will destroy many businesses, will put a lot of people on unemployment and that the supply chains will get disrupted. I missed a LOT of gains if I just had kept my stocks. Middle of pandemic, VIX is going down and the stock market is booming – normal stuff.
And here we are now. Did I miss some news about a bubonic plague? Or maybe the repo market is bursting? Nah? So the housing market is bursting? Also nah? Are the US at war with China? Also nah?
I lost all my gains from the last 3 years over the last 2 months and what is happening? Nothing.
No amount of books or lectures can predict the stock market. I thought I got my lesson with 2020 and that for the next global event/pandemic/QE I will keep my stocks. HA.
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