Rule number one of investing: the stock market goes up over time. This is an indisputable fact. And any basic finance class teaches the critical concept of the time value of money. Simply put, the longer your time frame, the greater the potential value of an investment. This can be applied to most asset classes.
Well, that was an interesting six months. The stock market has gone from extreme panic to near euphoria in about 90 days. In our March 15 note, titled “Coronavirus Crash. What Now? What Next?”, we highlighted the extreme selling pressure and why history was on the side of buyers, not sellers:
- « Previous
- 1
- 2
- 3