This is my financial overview of May 2020.
I’ve written a few articles on investing in stocks. Also, I’ve written about my investment strategy. Today, I want to look at how you can survive the mental troubles when your investments crash.
As of today, large parts of Europe are in effective lockdown in an effort to fight Coronavirus. It’s not about preventing infection anymore, it’s about managing it and slowing it down. What can you do during this Corona lockdown?
Should I sell my stocks? You might be wondering this now with stock prices plummeting around the globe in response to the Corona (COVID19) virus. I’d say no, don’t start panic selling your investments.
Money shame is a very real thing. There are taboos around money, that, in my opinion, should be broken. You can feel shame for having too much debt. But the other way around is also possible. You can feel money shame for making too much money.