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Things to learn from this terrible situation.

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  • BananaRepublic
    BananaRepublic Posts: 2,103 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Combo Breaker
    One thing I've learned is how this situation has affected my circle of friends mental health very differently.

    Money, house, job and health worries really have affected people I naively never expected them to.
    Perhaps those outwardly more confident have taken more risk, and hence they have been affected more. 
  • Sorcerer2018
    Sorcerer2018 Posts: 143 Forumite
    Third Anniversary 100 Posts
    I have learnt "to be greedy when others are fearful", thanks Warren Buffett.
  • Sorcerer2018
    Sorcerer2018 Posts: 143 Forumite
    Third Anniversary 100 Posts
    I put a strategy in place many years ago, on how to cope with the next recession/panic, I am pleased to say for the most part it is working well. Investments that I thought would lose the most money have and defence funds have done that they needed to do. So pretty pleased considering the circumstances. The most important thing now is to not panic and take the long term view, it's going to take a lot of patience.
  • Statues matter
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