portfolio management in bad time
in normal days, if your portfolio lost 20% over the 6 months, it is considered not a good investiment. however in this crazy time, this is not the case.
so today we were talking about stock during lunch, once we heard colleague said his portofolio lost 20% of value the last 6 months, we look at the guy as if he is a investment guru.
this is how crazy the things are now.
long term wise, the current situation is going to rebound. short term, one needs to spend more time on managing the portfolio. for example, when it comes to ESPP, sell on the first day of purchase will usually give you a good profit, and this is especially true in difficult time. before company scheduled financial report, you can do enough research to predict the outcome of the quarter, you probably dont know the exact detail of balance sheet, but you can pretty much know if the company is doing well in the quarter, and it happens a lot that the stock price rise up a bit before the report and drop sharp after it (of course this does not always happen and it depends on how