$Microsoft(MSFT.US) Fortunately, during the 395-400 phase, I swapped almost all of my Microsoft holdings for index funds, and the drawdown is much smaller. However, the overall market drawdown is still at the "small to medium drawdown level." It's just that this round of large-cap stocks has fallen a lot, especially Microsoft, so the feeling of holding the "Magnificent Seven" is quite pronounced.
Now it's only recovered about 10 points, so we still need to be cautious. A 15-20 point drop counts as a major drawdown. A drop of over 20% is when a stock market crash truly begins. The US stock market has experienced multiple 30-50% declines before.
Warren Buffett recently told Becky Quick on CNBC that there hasn't been a substantial decline at all, so we should continue managing our positions well. I wonder if I can pick up QQQ around 500.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
