Long term investments are just that, long term.
No matter the weather, and especially in dramatic weather, you invest and hold.
Disney stock, as we’ve talked about, is a long-term strategy.
Last week’s close at $86 is a disaster compared to the $150’s it peaked at before Covid-19.
The disciplined mindset to think long-term is decently rare.
Conversely, the disciplined mindset to have more (short-term) cash on hand is decently rare too – don’t let cash sit without your money working for you, right?
And then there’s Covid-19.
Cash is a good strategy now – this may continue for another year.
Or longer.
All of a sudden, my strategy doesn’t look so ridiculous.
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