During the GFC, I had about 40k of investments, mostly in banks. I wanted to invest more but I didn’t earn much and had limited savings then.
A decade later, during the COVID-19 pandemic, I have about 400k in my portfolio. Around 150k was added during 2020. I am looking to add more.
This has been a prolonged downturn compared to the GFC. It may very well last years. The stock market has since recovered from its March lows but remains largely directionless as the world waits for a vaccine.
This has allowed me to add to my portfolio at a steady clip over the months. I am glad I have ample ammunition. Such lull in the market does not appear frequently. I will do more in the months ahead.
Pessimism is indeed a friend; euphoria your enemy.