Is it time to buy the crash?

The recent stock market crash has left many investors reeling, wondering if now is the time to take advantage of the plummeting prices and buy in. Peter Armitage, CEO and Co-Chief Investment Officer at Anchor Capital, shared his insights on the current market conditions and provided valuable advice for both seasoned investors and those nearing retirement. Armitage emphasized the importance of staying calm amidst the market volatility, acknowledging that such fluctuations are not uncommon in his 26 years of experience. He noted that while share prices have taken a significant hit, there are still many opportunities for savvy investors to capitalize on undervalued assets. Understanding the need for a strong stomach to weather the market storms, Armitage highlighted the potential for significant returns for those willing to endure the fluctuations. For investors nearing retirement or looking to recover lost ground in their pensions, Armitage offered reassurance that market crashes historically tend to rebound. He advised patience and resilience, urging individuals to resist the urge to make impulsive decisions based on short-term market conditions. While acknowledging the challenges faced by those with limited financial resources, Armitage underscored the importance of holding steady and not succumbing to panic. Delving into specific investment picks, Armitage discussed companies with promising outlooks despite the current economic uncertainty. He mentioned Naspers, a company known for its stake in Tencent, which has seen increased usage as people stay home during the global shutdown. Armitage also touched on Transaction Capital, highlighting its resilience in the face of potential COVID-19 impacts due to its secure business model and effective capital allocation. Addressing concerns about the taxi industry's vulnerability to the pandemic's effects, Armitage remained optimistic about Transaction Capital's ability to weather the storm. While acknowledging potential risks, he emphasized the company's strong fundamentals and attractive valuation as compelling reasons to consider investing. Looking ahead, Armitage emphasized the importance of monitoring key indicators such as infection rates and market trends to gauge the trajectory of the crisis. He acknowledged the uncertainty surrounding the duration of the pandemic but remained confident in the long-term prospects of undervalued stocks poised for growth. As investors navigate the turbulent waters of the stock market, Armitage's insights offer a beacon of hope and guidance amidst the chaos. With a steady hand and a strategic approach, opportunities abound for those willing to ride out the storm and reap the rewards of a market on the road to recovery.