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The Market Sell Off and Strategies to Adopt
By Investing Beanstock  •  March 4, 2021
The past 3 weeks was disastrous and the stock market started dropping from Feb 16 high, due to several reasons. The rising treasury yield, better economic growth sentiments and rising interest rate expectations meant that there are better asset class out there to hedge against inflation, hence growth and tech stocks in particular, took the biggest hit. The S&P 500 index saw a fall of around -3.19% while the NASDAQ-100 index saw a fall of -8.51%. My portfolio was not spared at all, as I saw a drop of approximately -13% in my equities portfolio, essentially wiping out nearly all of my 2021 gains (excluding crypto). My DIY portfolio is mostly tech and growth stocks right now, so I expected my portfolio to decline way steeper than the broad market indexes because that is just what my portfolio’s characteristics is. In a bear run, my portfolio will face the most pain but in a bull run, my portfolio will run faster...
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By Investing Beanstock
Investing Beanstock incepted as a platform for me to share my knowledge on investing and personal finance. As investing is a long term process, just like planting a bean, it takes time and effort before it can grow exponentially and be rewarded like Jack (and the beanstalk).
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