Viral Turmoil in the Markets: Is Now the Time to Buy Your Favourite Stocks?

I sit on the ferry next to a friend of mine. He’s the financial controller for one of the largest retail sites in Auckland.

‘We’re allowing staff to wear face masks,’ he tells me.

I reflect on where I’ve just left. Changi Airport at Singapore. But not the usual sparkling, happy airport. Almost every third person wearing a mask. Changing the mood to one of caution. Fear.

It’s that fear that has hit the markets.

In a nutshell:

  • Asian markets are down sharply.
  • AUD and NZD under pressure.
  • Both the ASX and NZX are down heavily.
  • In comparison, the US, Europe — particularly the UK — are less affected since they’re not so export-reliant on China.

Buffett’s mantra rings in my ears: ‘Buy when others are fearful.

Premium Article Profitable

Already a Member? Sign In Here

Simon is the editor of Wealth Morning and has been investing in the markets since he was 17. He recently spent a couple of years working in the hedge fund industry in Europe. Before this he owned an award-winning professional services business and online learning company in Auckland for 20 years. He has completed the Certificate in Discretionary Investment Management from the Personal Finance Society (UK), has written a bestselling book and manages global share portfolios.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Wealth Morning Stock Market News, Finance and Investments