The first night, it was down $20k for the day. Another day it was down $15k. Then down $50k. Yikes! All in all, I lost >$100k in that single week!
Stock market crash
As I took my holidays on an Italian lake, I spent a lot of time hiking, kayaking and swimming. I had little time for keeping up with the news and investments except for a brief minute some days just before bedtime to check on my portfolio.
When I looked the first night, it was down $20k for the day. Another day it was down $15k. Then down $50k. Yikes!
Maybe it was the holiday mood, or the exhaustion from holidaying with young children, but it didn’t affect my mood at all and I wasn’t concerned about this thinking it will be something that I look into when I get home.
All in all, I lost >$100k in that single week! :O Normally, I would find it a great opportunity to buy more stocks, but all my cash is already invested not just now but incoming cash for the rest of the year is already earmarked for other expenditure.
I surprised myself how calm and philosophical I was about this, but do wonder how calm I would remain if the fall continues further and further. As primarily a growth stock investor, my portfolio has been hit particularly hard and a significant exposure to Chinese stocks added further pain.
Right now, my plan is to stay the course. How badly was your portfolio hit and what do you plan to do about it?