“So, I went back and made the calculations, and the return on stocks from February the 1st of 2020 (just days before the pandemic started) to the end of this dismal September (a few weeks ago)…stocks were up a total of 14%. Yes, in spite of all of that – stocks are still up. Bonds are down 8.6 % and foreign stocks are down a little more than 10%. So the answer is no, you would not have been better off to have sold everything before the pandemic and invest in money market or a bank CD. Diversified portfolios work. And, sometimes we kind of need to review that even in the worst of times.” – BARRY M. CORKERN
Listen to Financially Speaking
Financially Speaking is available to stream as a podcast on soundcloud. Click the link below to listen this episode.