2024-03-21 06:52:00 ET
Summary
- Every part of my being knew that I could not liquidate my portfolio, but my emotions kept driving me towards the sell button.
- I realized that betting against the US economy and equity markets was akin to betting against the policymakers, human ingenuity, and scientific advancement.
- The decisions I made over those fateful (and horrifying) two weeks may be the difference in whether I reach my investment goals.
By Brian Levitt, Global market Strategist
It's been four years since the world shut down because of the coronavirus outbreak. The events of those first weeks of the shutdown still haunt me. I can vividly remember walking through an empty Times Square for what would be my last in-person CNBC Squawk Box appearance for a long while, feeling as if I were the last person on Earth. By the time I returned home, our local Board of Education had closed the schools, activities were canceled, and my wife was cleaning the groceries with disinfecting wipes and putting the mail in the oven. To call it surreal would be an understatement....
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4 Years Later: The Portfolio Decision I'm Glad I Didn't Make