💥War Scare
The US has started war with Iran, and the market will likely dip on Monday. If we look at history and how the market behaves during war times (for winning countries), stocks on average have always reached much higher levels after the war ended.
Personally I will continue Investing as usual, and maybe buying more shares if some stocks drop significantly in prices.
Here is a helpful quote from the book "Common Stock Uncommon Profits" chp9 that addresses investing during wars:
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What do investors overlook that causes them to dump stocks both on the fear of war and on the arrival of war itself, even though by the end of the war stocks have always gone much higher than lower? They forget that stock prices are quotations expressed in money. Modern war always causes governments to spend far more than they can possibly collect from their taxpayers while the war is being waged. This causes a vast increase in the amount of money, so that each individual unit of money, such as a dollar, becomes worth less than it was before. It takes lots more dollars to buy the same number of shares of stock. This, of course, is the classic form of inflation.
In other words, war is always bearish on money. To sell stock at the threatened or actual outbreak of hostilities so as to get into cash is extreme financial lunacy.
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