Investing in the time of COVID-19
COVID-19 has changed life as we know it. It’s still hard to fathom exactly what’s going on, both with the markets, which fell by about 6% in Canada and 8% in the U.S., and in life. My kids are now home all of the time, FaceTime cocktails are now a thing (and more fun than I had expected), and date night consists of a quick trip to the grocery store. Romance in Aisle 1?
I’ve also had a lot of talks with friends about the economy and the markets. They tell me their portfolio is down a ton, I say mine is too, though I don’t know by how much because I’m not checking. I know they’re down by 30%, but I don’t need to obsess over the specifics. I’m not selling because, what’s the point? My portfolio has already fallen and you only lose that money if you liquidate. I still have at least a couple decades to go before I need those savings, and my hope is that the markets, like they always have, rise at some point before then.