Has the pandemic made your financial insights stronger?
This unexpected event quickly accelerated to an endless nationwide shutdown. It is still changing what we, as a society, take for granted. We have seen changes. A change in habits and lifestyle.
Given the uncertainty in the markets, would you blame someone for acting hastily? Economic prospects seemed bleak.
Apparently, people were frightened by the pandemic, investors were worried, and a lot of thought went into it. Our ignorance has driven us into fear. The market was dragged into an economic cycle that was not foreseeable or understood in the first place.
Arriving vaccines were the only way to contain the disease – Perhaps that tiny glimmer of therapy on the horizon is in fact what prevented the complete collapse of the market.
For how long could this stock market decline go on? That was one of the biggest concerns worldwide.
A number of investors panicked, and the companies were paralyzed at that time. Many investors were tempted to cash out their accounts. These events were unprecedented. Only a few had the answers. Companies and people have had to adjust and change the way they do business.
Was that a step up? Can this be considered a progressive development of society?
The change was a necessity!
Today, over a year later, what have we learned?
We have been taught that fear and uncertainty are no guarantees of failure. Things may work out differently. There may be some flexibility that will allow us to have an optimistic scenario. The stock market has rebounded extremely rapidly, challenging even some of the most optimistic predictions. Our greatest fears never came true.
We saw a great recovery in the markets in a very short time! Maybe this was a best-case scenario. It can take a few years to realize what we have gone through within a few months.
The pandemic has certainly strengthened our financial prospects! We learned and experienced a lot of new things. Did this make you feel wiser and led you to change your trading habits for the better?