What a past week we have had in stock market. With the COVID-19 virus outbreak the US stock market had its worst week since October 2008. All three major indexes had their worst weekly percentage drops since the financial crisis. There appears to be a lot of panic amongst investors right now.
MY STRATEGY MOVING FORWARD
While the coronavirus may possibly have adverse affects on the businesses I own my strategy will mostly remain unchanged. It will be business as usual for me going forward. I will continue to deploy money into the market on a weekly basis as I always have. The reason for this is I nor anyone else can time the market. I will use this market correction as an opportunity to bring some of my smaller positions to size , and I will also add to some of my larger positions as well. For me I have time on my side being in my twenties. This correction will help me get to my goals faster with starting dividend yields being higher as stock prices decline.
STAYING CALM
Stock market volatility can definitely be stressful for many of us. Even though my strategy remains unchanged I’m human just like anyone else and it definitely hurts to see my capital decline. But I believe in the businesses I own and will remain focused on my goals. Times like this definitely validates to me why I invest for cash flow. My dividends are still being paid as usual and that brings me peace of mind. Over the coming weeks I plan to deploy capital into some of my larger holdings which are the companies I feel the most confident in.
IGNORING THE NOISE
With the volatility in the markets we will definitely hear a lot of “noise” from the media it is inevitable. Me personally I will do my best to tune out the noise. I just want to stay on track and focused on the things that I can control. In the long run I have the courage of my convictions and believe in my dividend growth strategy so it will continue to be business as usual for me. Please do note though I’m only speaking for my own personal situation this is not investment advice. My prayers do go out to all victims of the COVID-19 virus.
Disclaimer
All information on this blog is solely for entertainment purposes. I am NOT a licensed professional of any kind. Any stock transactions or analysis published on this blog should NOT be considered investment recommendations. Please consult with a licensed financial/tax professional before investing any of your money or undergoing any financial/personal changes. Unless your investments are FDIC insured, they may decline in value. I will NOT be liable for any losses,damages,errors,or omissions. All information is presented as is with no warranties.
