Manage episode 282952580 series 1101878
• Stocks tested us in 2020 – from steep declines
early in the year as the pandemic took hold, to
a stunning rally that has taken many indices into
• Yet through it all, the good and the bad, a
number of important investment lessons were
reinforced, providing us comfort in a year that was
• Among the lessons learned is that it never pays to
exit the market in a panic, there are always some
stocks that are winners, and liquidity matters.
• All of these lessons reinforce the importance of
having a long term investment strategy and a
financial plan in place, which can keep us from
making ill advised emotional decisions.