Needless to say, these last 5 or 6 trading days have been interesting. Some might call them guy wrenching, others might consider them exciting, and some might even be ecstatic, depending on their market positioning. As a long-only portfolio manager with ~93% of my portfolio exposed to equities, the market’s recent sell-off has been painful to me (on paper, anyway). I’ve surely taken my lumps, though I had to admit that fear hasn’t crept very far into the equation for me because I can’t help but imagine that this correction will end up being nothing more than that: a correction.
And, in the meantime, although I'm seeing the value of my net work fall, I'm pleased to see my dividend income stream post tremendous gains. This just goes to show that a DGI investment strategy can work wonders in a variety of market environments.
Disclosure: I am/we are long V, ATVI.