No new stock actions last week, beginning 6th April.
No stock met my order price. Dividend received from Prosperity Reit, portfolio page updated.
It appears that the capital markets and hence stock markets have stabilised somewhat due to central bank and US Federal reserve actions and they are unlikely to hit the panic button that led it to a 33% decline earlier in the year.
It will be interesting to see how governments plan to restart their economies in May as the Covid infection rates decline to more manageable levels. I expect stock market recovery to be significantly slower from current levels as economies will be in “start/stop” mode until a vaccine is available which will take 18 months if safety standards are not compromised.
About Post Author
Billy
After qualifying as a chartered accountant in the UK and working in London for a leading technology company, I moved to Hong Kong in 2000 where I am a permanent resident. I was the original founder of globalstockinvestingtoday.com where I presided over my portfolio during the 2008/9 financial crisis and posted my portfolio actions and performance with a number of his ex Nortel colleagues and friends until 2013 where due to work commitments at BT meant that I could not continue with this site. My 5 year portfolio performance during that time beat the benchmark stock indices of UK, Europe, India, Hong Kong,Australia, Brazil and Japan but not the S&P 500 nor the NASDAQ. My performance was also better than the global mutual funds that were benchmarked except for Value Partners in Hong Kong where we exchanged leads during that time.