Stay Invested, Stay Diversified

After getting most forecasts wrong in December 2019, forecasters were too conservative in December 2020. After a 2021 that was horrendous in terms of lives lost and infection numbers but spectacular in terms of 865 crore vaccines being administered globally, we are approaching 2022 with a lot of hesitant optimism. These are unprecedented times, and no textbooks have a chapter on what happens after a global pandemic hits. The economy initially crumbles and the central bank and government respond by flooding the economy and financial markets with many trillions of dollars. It sounds almost as far-fetched as declaring in the early days of the pandemic, when the S&P 500 Index cratered 34 per cent in a matter of weeks, that investors would not only be made whole in a few months but would enjoy one of the most powerful bull markets in history along with a real estate boom, despite the...