Paul Mitchell
United Kingdom
Just another quick note to echo what I think many popular investors are saying right now. Having a period when the market falls is normal. Looking at the drawdown stats of my portfolio in the image, it is down just over 3% total from September (on a monthly calculated basis) until the start of November. The $SPX500 started it's current drawdown a month after mine, but has been steeper, it met at a similar-3% at the start of November. Currently the SPX500 is continuing to follow this trend and is now at -4.4% from all-time-high, and I am down roughly -3.8% off my high point at time of writing. Earlier in the year, as you can see from the chart, I had dramatically less drawdown than the index. With my portfolio being so diverse I would hope and expect similar if the US index was to drop further from today. This is far from certain however, but I just wanted to make the point that I have considered the possibility and I am prepared. Investment is a long game, and it's often best to look at the value of the companies in a portfolio rather than current prices. I do consider myself a long term investor although I am not against making profit on immediate opportunities when they present themselves, it's when you are trying to find opportunities that are not there that I feel many traders become unravelled, You may see a little of this in times like this as risky positions will be exposed. I am probably not the best at reassurance because I am at heart a realist and a pragmatist when comes to investment. I can't really sugar coat the situation other than to say its quite interesting, and opportunities might arise! I'm certainly not worried. Take care all my copiers. This is not financial advice, it is just my opinion on the markets and on my own investments.
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