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We recently asked the @finimize community to share their advice to someone who invested at the peak of the pandemic, and is now seeing their whole portfolio in the red. Here are a few of our favourites 👇
"Focus on decades not days" - Katy
"Investing is not a short term game. Stick to your principles and your strategy" - Devon
"Keep to the plan. Don’t react. Continue to think long-term" - Ross
"Don’t panic sell! Markets move up and down in the short term but history has shown us holding through these cycles leads to positive returns." - Roy
“Time in the market, not timing the market” - Min
"If you reassess, rebalance the portfolio, add diversification, understand the necessity of cash (even though it sucks because rates are so terrible) and you'll come through this one, and the next one, financially stronger and financially wiser" - Andrew
"You need to look at your portfolio and distinguish between investments that succeeded during the pandemic or because of the pandemic" - Ian
"Stay invested" - Shipra
"Don't worry too much about buying the dip at the absolute bottom - come up with a sustainable strategy that works as a whole for your life, not just your portfolio." - Dan
"Patience is key: the market doesn’t just go up." Mauricio
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