More like a scared rookie investor lah. Ha.
Global crash affecting 99% of the industries & countries.
Good question but hard to answer.
I do not mean to be rude here. Prefer to stick to what I have asked at the start of this thread. If you wish to find out more on your subject, please start another thread. No offence intended. Thanks.

Stock market crash always begin earlier than expected and unexpectedly.

bear phase is after over 20% price drop.

2 strategies :

1. Sell everything, take the cash put in something very safe like FD. But return is low. Downside is what if no correction ? Lose out on dividends and low entry price (ie. expensive to buy back later)

2. Expect the correction, hold on to the portfolio for a few years for it to recover. Still receive dividends. Dividends from eg Reits are still better than FD. Upside is if no correction, return is much higher than money in FD. And entry price is preserved (ie. capital gain).

It is a difficult decision 

What do you think? Ha.

I have sold more than 98% of it in Dec.

Ya, a rookie chicken who should not be in the shares market?

   

Yes and no, depending on which day you compare with. To me, it is never too early but most of the time, too late.

My decision to go ahead is to avoid the non SWAN, asking myself what should I do when I hear bad news on the global scene and that industry. So desperate? It is part of my retirement fund, so have to be extra careful. Dont mind suffering some losses (on potential future gain) even if the recession comes much later.

What if a prolong pandemic causes serious financial damages to many SMEs like 1997?

I only see green dildos. What happen to recession?

I don't think Donald Duck will allow the economy to tank. During Dec 2018 when markets panicked, it had a V shaped recovery.

The real impact on financials will probably be seen in Q2 report. But I also believe certain industries will thrive.