10th to 14th March 2020:
The market was very bad. The STI tanks around 16% (2960.93 to 2493.95) and was still on the way down. The Dow Jones also had a bad outing. The worst performing stocks on the SGX sank as much as 50%.
15 May 2020:
It’s a period of lull. The STI was range bound between 2500 and 2600 for more than a month. The lockdown for schools and many public places has already taken place for about 1.5 months. People were feeling uncomfortable of the lockdown, especially with the uncertainties lying ahead.
31 May 2020:
While many welcome the lift after the lockdown, the discomfort of the future remains. The way we do our businesses in post covid-19 is not going to be the same as before. There are likely to be job losses. We need to extend our comfort zone to embrace risks.
Interestingly, the market roared. It ascended by about 10% within the last 5 days. It coincided with the level when the 1st mailer was sent. Those who panic sold their stocks in the 1st week of March 2020 would probably regret their action.
Compiled by: Brennen Pak
Brennen has been investing in the stock market for 30 years. He trains occasionally and is a managing partner for BP Wealth Learning Centre. He is the instructor for two online courses on InvestingNote – Value Investing: The Essential Guide and Value Investing: The Ultimate Guide. He is also the author of the book – “Building Wealth Together Through Stocks” which is available in both soft and hardcopy.