We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Things to learn from this terrible situation.

145791013

Comments

  • 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. 
  • I have learnt "to be greedy when others are fearful", thanks Warren Buffett.
  • 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
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.8K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.8K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.