A few years ago I was a stock market bull and had a
vast majority of my savings in major stock market indexes. At the end of 2018,
I experienced my first market correction and it felt like the world was going
to collapse. I sold the majority of my stocks as big market swings and
late-cycle stock volatility was definitely not for me. In 2019 the market
sharply rebounded and my decision to sell didn’t look that great at all,
however, the decision is saving me tons of nervousness in these turbulent
EstateGuru we have always placed great value on transparency, which is why you
are receiving this update. We hope that it gives you a great overview of where
we are during this time of unprecedented crisis, the state of our loan
portfolio, and why we are convinced that we are not only able to weather the
storm, but emerge from it stronger than ever before.
I have been active in investing since 2006 or 2007 when I changed health insurance company with the help of my mum. The insurance person said that I should start investing in funds in order to accumulate wealth for the future. To a young student, the thought seemed far-fetched because as a 16-year-old I had better plans for the money. Somehow, I still started investing. We all know what happened in 2008, but I continued investing through the crisis every month, €50 at a time. When the crisis was over, I saw some green colour in my web bank portfolio, and I was hooked.
During the last two weeks, I have lost about 35% of the value of my stock portfolio. Around 30% has also vanished from my startup investments. Legendary investor Warren Buffet said his main investment rule was: “Don’t lose capital”. According to that, I have failed heavily. Although I am a big fan of Mr Buffet, I don’t see the current situation too dramatically.
Join us on a virtual tour
around three loan projects funded on the EstateGuru platform which are
currently under construction. Despite the turbulent times shaking the world,
it’s more or less work as usual for these entrepreneurs. As you’ll see, there’s
lots of activity on these sites – both inside and outside. Many of the projects
are already in the final stages, with interior finishing works progressing
fast. Our aim was to determine how they see their business plans evolving in
light of the current changes in the economy.