I just want to point out the mild amusement I have pondering that this thread has been created just 25 days ago while seeing all the threads/messages popping out lately about the market (or pick your favourite asset) going down.
We can’t have the highs without some lows, folks, I’d keep my gains in view when assessing my losses and considering the later as the price to pay to get the former (and the gains have been pretty crazy lately, a little bit of cooling down isn’t at all unhealthy).
Actually it‘s the best what happens right now for accumulators. The worst is actually a strong bull market if you are still early. So need to remind ourselves that we can buy cheaper now.
I mean technically we are already not that well off, the strong bullmarket over the last decade depresses expected returns going forward already. But lower prices are lower prices, I take those.
My benchmark "MSCI ACWI IMI Net Total Return in CHF” have reached a new ATH in nominal terms on 27.03. After that, on 19.04 it was down by -4.6%. Inflation-adjusted, it was -6.5% from the ATH, a new one hasn’t been reached.
And now, as you can guess, we are somewhere in between. These are absolutely normal market movements, nothing to get stressed about.
SNB really jumped the gun on rate cuts. It‘s like losing purchase power by the day currently. Would not be a surprise if this causes a comeback of inflation in Switzerland.
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