4.4 • 823 Ratings
🗓️ 19 January 2021
⏱️ 42 minutes
🧾️ Download transcript
Motley Fool Chief Investment Officer Andy Cross joins us to look back at 2020, offer suggestions for newer investors, and provide his thoughts on comparisons of today’s market to the dot-com bubble.
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0:00.0 | This is Motley Fool Answers. I'm Alison Southwick and I'm joined as always by Robert. Don't |
0:07.9 | call me Rob. Brocamp. In this episode, we're joined by Andy Cross at the Motley Fool's chief |
0:13.0 | investment officer. We're going to talk about the year that was and the year that lies ahead |
0:17.6 | and some investing advice. Should be fun. All right. All that and more on this week's |
0:22.6 | episode of Motley Fool Answers. So, Alison, what is up? Well, bro, Andy Cross, the chief |
0:30.4 | investment officer of The Motley Fool is going to join us later on the show to talk about putting |
0:33.8 | 2020 in perspective as an investor. So I thought it might help if we just take a quick look back at the year, |
0:40.5 | remember some of the highs and lows. |
0:42.5 | So I've cobbled this together from a few sources, |
0:45.4 | including Visual Capitalists, CNN, CBS, just all the news sources. |
0:51.6 | So because it's, I forgot that a lot of these things happened in the last 12 months, oddly enough. |
0:57.2 | So here we go. |
0:59.0 | In January, we were too busy being horrified by images of Australia in flames to pay much mind to the pandemic that was brewing in China. |
1:07.3 | The fires in New South Wales raged on for nearly 80 days, displacing or |
1:12.4 | killing nearly three billion animals. Oh my goodness. I know. Also, Kobe Bryant, along with his |
1:18.5 | daughter and five others, tragically died in a helicopter crash on their way to a youth basketball |
1:24.0 | tournament. That feels like a million years ago. Yeah, it really does. |
1:32.1 | January. All right. In February, Trump was impeached for the first time and eventually acquitted by the Senate of charges of abuse of power and obstruction of Congress. Meanwhile, |
1:38.7 | COVID-19 continued to spread. While we may never know the name of patient zero, in March, we learned about South Korea's |
1:46.3 | patient 31 and the devastating effects of a super spreader. One person spread the virus to as many as |
1:52.6 | 1,160 fellow Koreans. Wow. We're off to the races, by which I mean just starting to get an inkling that things could get really bad. |
2:04.8 | Because in March, the S&P 500 erased over a third of its value in under a month, the fastest 30% decline ever recorded on the benchmark index. |
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