Panic in the market
Hello togehter,
may some of you have noticed stock market is in panic ;)
Reason is well known the Coronavirus and the concern of a worldwide Pandemic.
A lot of companies have worldwide supply chains which are now in danger.
The Fed lower the yield instantly to calm down the market but it helped only for a couple hours.
In this situation i increased my monthly saving plan to 2000€/month because share prices are now low again.
Honestly i don't know if this is the bottom but i am planning to buy some extra shares and stay with the increased saving plan until things settle down.
I am still convinced that the world economy is strong and shares will pay off in the long run.
And YES it hurts to see the drop of my current depot.
Stay Calm and buy the dip :-)
may some of you have noticed stock market is in panic ;)
Reason is well known the Coronavirus and the concern of a worldwide Pandemic.
A lot of companies have worldwide supply chains which are now in danger.
The Fed lower the yield instantly to calm down the market but it helped only for a couple hours.
In this situation i increased my monthly saving plan to 2000€/month because share prices are now low again.
Honestly i don't know if this is the bottom but i am planning to buy some extra shares and stay with the increased saving plan until things settle down.
I am still convinced that the world economy is strong and shares will pay off in the long run.
And YES it hurts to see the drop of my current depot.
Stay Calm and buy the dip :-)
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