(This is a republished guest post by Winston Ng. A good friend of ours who has been involved in the financial markets in different capacities in the past decade. Original post here.)
Many of us with stock portfolios filled with ETFs to FAAMA (or FANG and FAAMG for all your old school like me) would have seen our stocks drop 10% in a day, and then another 10% the following day in this wonderful month of March 2020. Somewhere in between that there was a 5% bounce reversal, just to add to the volatility roller coaster ride.
But .. thats just one part of the rollercoaster ride, as we also read helpless on the spread of the Novel Corona virus at the same time.
For a generation of Investors who started investing post Global Financial Crisis at dirt cheap value (compounded with a dash of tech fuelled profits), this becomes more than just a money losing proposition; it is also ego deflating, and world view spinning....