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I've been involved with the stock market through two crashes (the tech bubble and the Great Recession), and both times, people who had the vision and tenacity to buy during the downturn have done quite well for themselves. The trouble is that no one knows for sure when the bottom will be, so it's impossible to catch it -- which is why it's important to buy at the point that you're seeing opportunity. And boy, are there opportunities out there now!

For investors who have cash waiting to be deployed, this market is like all shopping holidays combined. Choose wisely, and you'll most likely be a winner -- if you have a little patience to wait the pandemic out and not panic along the way.


Oh, I totally agree! Somewhere around here is a post of my own, on this same theme. I think it was written when the market dived, at about the point we went to war in Iraq. The UK market pretty-much halved in a day. It was back to pre-crash levels within 18 months. (I have a vague memory of where I was sitting at work, when I wrote that post. We discussed the market regularly.)

- Pam
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