If you didn’t panic, and dump stocks for cash or bonds, COVID was very, very good to you.
https://www.axios.com/2024/10/01/how-the-pandemic-made-americans-richer
intercst
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That reminds me of a study from Fidelity, I think, that found its most successful long term investors were ones that either forgot they had an account or were dead.
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Yep. Warren Buffett once wrote in a shareholder’s letter that “we’re most successful when inactive.”
intercst
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Another great quote: “If the phone doesn’t ring, it’s us.”
ETA: I just checked Fidelity, I bought BRK on March 25, 2020 for $186.22 and then again in October 2020 for $200.74. Up +145.63% and +127.86%, respectively.
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Meanwhile some would note that govts were generous with their support for their economies in spite of Covid and its many disruptions of commerce.
And now we pay for the inflation that resulted.
Would govts do that again? Less so? Would less have gotten the job done?
Investors did ok but it has been painful for consumers!!