Covid-19

[BrendonA]

 S & P 500 correction in 2008 was -48%. Today is at -29.5. Maybe -35% we're looking at? Doubtful that it'll crash similar to the the financial crisis?

hi BrendonA,
Not sure of the intent of your posting - to get social proof or seek advice for a potential bottom?

In anyways, I think it might not be wise to have any numbers, to which it eventually creates some sort of referencing and hence we fall into the anchoring effect. Example, If we anchor to last purchased prices, there is a good chance we will be catching failing knives with every drop (averaging down). If we anchor to some past lesson learnt, then we could be missing out on good prices.

So actually, i don't have an answer to your question
Generally when i am not wise enough to seek the correct answer, i try to invert and ask myself what NOT to do instead. So by excluding what not to do, i hope i get lucky and closer to the correct action/s to take.

That said, i think one important aspect that we commonly forgot is to ensure that our own circumstances are condusive to stock buying in current environment. This includes ensuring our risk of getting directly affected by Covid-19 is low - (1) personal or closest family infected by Covid-19, (2) losing our job (if one is employed) and (3) enough liquidity to pay the bills to stay in the game (if one is an employer)

You have answered the question more than you think. Very wise advice especially for someone like me who has just started investing. Thank you