Yes, this is the million dollar question – Is it time to buy stocks amid the COVID-19 recovery? Especially when all the governements are pumping money in to shore up the markets?
Let’s check out what the gurus are saying:
Bill Miller’s TakeAccording to his 1st quarter 2020 letter on 20 April, he mentioned that the corona virus has provided investors with one of the “great stock market buying opportunities” of his lifetime.
Justin Thomson’s TakeJustin Thomson is a chief investment officer for T. Rowe Price Group Inc. When enquired about whether is it time to buy stocks, Thomson acknowledged that the current situation is a “deeply worrying time” because of the health challenges and quick descent of the economy.
However, like Miller, he sees a buying opportunity. He then identified 5 rules for investors to follow as the crisis continues to unfold:
Howard Marks’ Take...