you all have lost around 30% and over 3 years of investing, how long to you think it will take for you all to gain it back ? very unlikely that will be less than 3 years. your biggest limitation is time.
for those that are now done with buy and hold
What? I didn't start buy and hold 3 years ago; I started 29 years ago. And I've stuck with it. And I'm sticking with it.
The vast majority of my assets were bought below today's prices, and my cash cushion was liquidated well above today's prices and was based on my personal timeline and not the market levels.
I'm already ahead, very passively.
Sure, I looked at the market dip and my pile of cash and was tempted, but I resisted and am in it for the long run. I just retired but hope to have well more than 29 years in my investing career yet to come. I have no "dry powder", I have a cash cushion whose purpose is to give me two years to deal with a situation like this month, and it's doing its job, and I'm sticking with the plan.
I've been very puzzled about market levels for 3-4 years and was puzzled why Coronavirus didn't seem to impact the market in January or February. But I made no moves related to market timing; my moves were because I was ready to pull the trigger on retiring (edit: circa August-October 2019). Since the market from month to month or even year to year doesn't impact my plans, I'm very very happy with buy and hold.