3 ms·
Why not keep a good chunk of cash around? During the 2017 ~ 2018 financial crisis, 1331 out of 1363 midcap+ stocks lost money. It was a great time to buy underv
by rayshan 7y ago
Why not keep a good chunk of cash around? During the 2017 ~ 2018 financial crisis, 1331 out of 1363 midcap+ stocks lost money. It was a great time to buy undervalued stocks that eventually benefitted from the longest recovery period ever, still going strong today. Even AIG, the villain that caused the crash and was bailed out by the government, was one of the top performers during the recovery.
If you're curious, here's the full stock performance dataset I pulled for the last recession: https://shan.io/writing/learnings-from-the-2008-great-recession/#your-turn-find-hidden-gems-in-the-complete-raw-data https://shan.io/writing/learnings-from-the-2008-great-recess...