I work for a major bank in Switzerland and it looks like they are preparing for a worst case scenario where we have to close all branches for a couple of weeks. This will affect 20k employees.
Holy…if they really close all borders next Monday and things like this happen, SMI will drop to 4000.
-15k? I forgot how to count that low.
I’m at -103k EUR of unrealized P&L.
I think my total realized P&L + dividends since I stated investing are in the range of 150k
Essentially, 2/3 of last 4 years have vanished in 3 weeks.
That’s why I keep saying: you should critically think and decide about investing more than half your portfolio into one single country market, the U.S…
Sure, you would have fared extremely well over the last 10-20 years… but there’s no guarantee that U.S. outperformance will continue forever. Nor that the U.S. is going to at least perform in line with other markets.
Are we sure it won’t reverse at some point, with the U.S. then lagging behind other markets in the future?
If you can answer that question for yourself („Yes, I believe U.S. will always dominate forever“), then go ahead.
From the articles I saw, it doesn’t look like QE, but providing liquidity to the repo market (to make sure things keep flowing if banks stop lending to each other).
Just noticed my post got ‘banned’, and wanted to say I am sorry if I offended someone.
Keep strong! I am -25k in my minor IB account…UBS is better I don’t look at
I’m too scared to check, but I think it could be a similar number for me… Often in this forum we argue about saving 10 CHF here or 50 CHF there, and then poof, comes an event like this. And I bought a big chunk right before it happened.
I think it’s important now to invest a bit to lower the overall cost and to stay in the “game”. If you know/believe it’s going down (I think everyone here believes it will go down) you might decide to wait. But until when? You might risk to see all rises as bounces and then miss your best occasion.
I am going to invest probably tomorrow or try to set a buy limit. Is it possible in the web client?
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