It depends on where you bought (your cost basis). 
Markets continue to sell off … and we haven’t seen the dip-buyers yet.
A Pull Back is when markets are down 5%; a Correction down 10%; a Bear 20%.
A Crash is a matter of how quickly the carnage occurs.
Here is a sample of carnage that has occurred in the past few months:
Peloton [PTON] -82%
Zillow [ZG] -75%
Zoom Video [ZM] -73%
Beyond Meat [BYND] -67%
DoorDash [DASH] -50%
Coinbase [COIN] -48%
Netflix [NFLX] -45%
Uber [UBER] -40%
Airbnb [ABNB] -28%
As I write this, here are the major indices from their highs:
S&P 500: -8%
NASDAQ: -14%
Dow: -7%
Do you have an exit strategy?
Let us hear from you. (The photo is of a flawlessly executed spinnaker take-down; not a disaster)
Our clients are investors 45-years and older who have accumulated a nest egg and want the best financial planning and investment management available.
The information contained in this Higgins Capital communication is provided for information purposes and is not a solicitation or offer to buy or sell any securities or related financial instruments in any jurisdiction. Past performance does not guarantee future results.
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