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Remember though a company like Starbucks is a global company and they don't just operate in the U.S. Yes, sales will struggle this year and perhaps the first half or more of next year in the U.S., but Starbucks has so much growth potential overseas, esp in Asia where the Coronavirus has for the most part already past.
We learned all this from Mr. Potter in It's A Wonderful Life.
no actually most investors did not learn a thing ...they still think they can time their ins and outs and they end up doing worse than doing nothing and just riding things through ...
putting short term money you may need in to long term investments is again poor investor behavior , so temporary dips not only should be no problem but portfolio's can be made pretty bullet proof and make money up or down ...
but most investors still do things wrong .
then they dream up every reason they can so they can justify not being invested in anything and they end up a lot poorer for it than they had to be .
Here's a link to a great article centered on a recent Howard Marks memo titled "Should I Wait For The Bottom?". Some very good thoughts, and the rest of the website is outstanding as well. Everyone here should browse through this website, you'll be a better investor for it, IMHO.
Remember though a company like Starbucks is a global company and they don't just operate in the U.S. Yes, sales will struggle this year and perhaps the first half or more of next year in the U.S., but Starbucks has so much growth potential overseas, esp in Asia where the Coronavirus has for the most part already past.
Covid is global too. The recession it causes will be global.
IMF just said that covid was so hard and fast, a lot of economic data may be wrong because it's hard to gather data right now.
Just saying, I think people are wrong to assume the worst is over.
Wednesday's Stacking Benjamin had Phil Town on, who I guess has his own financial podcast (that I have yet to check out). Anyway, he's not feel very positive about the market and talked about both Warren Buffet and Ray Dalio and how they aren't feeling very positive either (and cited an example of pessimism for each). He was comparing today to the early 30's.
Here's a link to a great article centered on a recent Howard Marks memo titled "Should I Wait For The Bottom?". Some very good thoughts, and the rest of the website is outstanding as well. Everyone here should browse through this website, you'll be a better investor for it, IMHO.
Thanks for a good article. Here's one quote I like...
The investor’s goal should be to make a large number of good buys, not just a few perfect ones. Think about your normal behavior. Before every purchase, do you insist on being sure the thing in question will never be available lower? That is, that you’re buying at the bottom? I doubt it. You probably buy because you think you’re getting a good asset at an attractive price.
The notion of owning something with underlying value is largely forgotten among individual investors. Individuals seem to be largely in one of two camps today (or perhaps a bit of each), one which is resigned to indexing the market, and another camp which looks at squiggly lines and "trades" stocks. Nothing is wrong with either one of these, but I think it leaves an opening for patient long-term investors.
They had margin calls in March for securitized debt. I believe it was around 2.3 trillion dollars that the Fed took over from the banks. It's not unlike mortgage-related securities held in 2007. Money markets and stock markets were threatened again. The banks were loaded with treasury debt after months of heavy debt issuance by the Trump administration and unable to make markets.
One could argue were stocks ever "married" to reality in the first place?
If there was never a marriage, then there never could be a divorce!
Or they got married at one point but now, the honeymoon is over.
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