The year 2020 stays exciting and the news cycle does not slow down. The global impact of Covid-19 started to manifest in February and resulted in the worst week for the stock market since 2008/09.
As a global pandamic seems to be unstoppable markets went down more than 10% in one week. This resulted in a significant drop of my portfolio as well.
My total portfolio (ETFs, Stocks, P2P, Crypto) took a hit of – 4,5%. Not to bad under these circumstances.
Nonetheless I’m not scared or panicky – The market went up quite a bit and in total and is now set back 4 months:
The MSCI World index value is now comparable to Oct. 2019.
The global impact of Covid-19 just started to show and it is still unclear how severe it will be.
Will it result in a global pandemic? Will markets fall further? Will it lead into a recession?
Who knows – But one thing is clear:
The threat of Covid19 is real and it is important to stay level-headed. We must not panic, give in to fear and believe all media hysteria.
If you want to learn more about the virus from a vetted source have a look here (Johns Hopkins).
To see how the worst stock drop since 2008 impacted my portfolio keep on reading.