5 ms·
Because for most companies, the fundamentals after the pandemic won’t be changed. Great companies are being sold at massive discounts, and as the buying escalat
by xwdv 7y ago
Because for most companies, the fundamentals after the pandemic won’t be changed. Great companies are being sold at massive discounts, and as the buying escalates shorts are getting squeezed out and forced to cover.
Anecdotal, but during the pandemic my portfolio had shed up to $60k at its lowest point around March or April, and I didn’t sell anything, in fact I started accumulating shortly after the bottom. Since then, it has not only recovered but it is now climbing to all time highs.
- vnchr 7y agoInteresting that some people really dislike this answer.
- xwdv 7y agoThe funny thing is, I’ve been giving stock and investment advice on HN for years, and always get downvoted. Yet if you had followed my advice, you would have made a ton of money. Some people cope with their FOMO with denial and downvotes, or saying cliche things like “Ya can’t beat the market” or “The Fed can’t keep printing money forever!”
- MattGaiser 7y agoP&G shed 20%. Its fundamentals have not changed at all.