Trials and Tribulations: End of the Bull Run

With my last post and the slowing down of instances of Coronavirus in China, I had thought that maybe my run of bad luck would finally take a turn and I would be able to recoup some of my (not yet crystallized) losses (－_－) zzZ. Unfortunately for me (and the rest of the world), we took a turn for the worse in the last two weeks and the eleven year bull run was finally brought to an end this with the market in free fall across America and Australia ʕ •ᴥ• ʔ.

As I write this, the S&P500 had lost $5.3tn whilst the ASX200 has lost $430bn in the last three weeks and there has been considerable hysteria online and in real life. Everyone regardless of whether or not they bought into the market has a fairly strong opinion on whether or not the virus will cause long lasting economic impacts as well as the associated impacts and flow on effects╮(︶︿︶)╭. 

For the time being, I have learned to stabilise my own emotional responses to the regular losses with a focus on long term gains as I continue to dollar cost average on a regular basis(-_-;)・・・. I thought I had gotten used to drowning out irrelevant opinions as noise, but today I was fairly shaken by the words of my long time mentor Mr L, who I consider to be the most brilliant men I have ever met. Throughout the years, he has given me priceless insights on the machinations of the world, needless to say, I hold him in extremely high regard. As someone who invests heavily in precious metals, Mr L doesn't touch property or stocks, however as I was speaking with him about other matters today, I did mention that I was buying into the dip as the downturn unfolds, to which he very sternly told me that trying to catch a falling knife is a dangerous endeavour ＼(º □ º l|l)/. Frankly, I can discount a large majority of people's opinions and continue my course of action because I consider them to be wrong, but when my most respected mentor also raised these concerns, I definitely faltered in my conviction and spent the whole afternoon pondering my choices. In the end, I've committed myself to going through with this and until I see definitive proof that the strategy doesn't work, I will see it through, but it is definitely taking a lot more determination than I had previously estimated. Hopefully in a few months, this will not matter anymore(×_×)⌒☆.

In the meantime, this is what I think of bears＼＼٩(๑`^´๑)۶／／:

By 小福