Hello, thanks for your time. I am a new investor and I am looking to put some money into this market with a patient approach to weather the coronavirus storm. With so many companies trading 80% lower than they were 5 days ago, it seems like there are so many options. Any advice on a few that might weather the storm and gain back their losses over the next weeks or months?
Welcome to the forums. You say you're taking a patient approach, but want to gain back a lot of losses over the next few weeks or months. Those don't equate. We don't know where the bottom of this fall is, so short term gains will be hard to find. If you're talking about holding for a couple years, that's a different story.
Thanks for your input. So, when the financial gurus who mention a V shaped movement once the virus situation has subsided, you think they are being overly optimistic? I noticed Kohls just shut down stores until Apr 1st, took a 9% hit this morning on that news.... I wonder if a stock like that might be a decent buy
The thing is, even if there is a V shaped movement once the virus ends (which I don't believe will happen, but it could), we don't know if we're at the bottom of that V yet. So if there's another month down, and if the V recovers after the bottom at the same speed it went down, you're looking at 2 months just to get back to where we are now. Again, all theoretical.
Welcome, Plow. Given the state of the bond market, I'd say the job is to figure out which companies will survive the economic shutdown. From there, enjoy your bargains. That probably isn't all that helpful but I share T0rm3nted's point of view. The other shoe hasn't dropped on this, yet.
