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1. (20 points) If you had some existing positions in the market before the Crisis started (e.g. you owned ETFs, mutual funds, individual stocks, or

1. (20 points) If you had some existing positions in the market before the Crisis started (e.g. you owned ETFs, mutual funds, individual stocks, or options), what were your reactions to market volatility? Did you change your positions and asset allocations during this Crisis? Are you satisfied with your investment strategies? What lessons did you learn from the experience? Is there anything you will do differently when the next crisis comes? Alternatively, assume you had a standard 60% stocks 40% bonds in your 401(k) account in February 2020. How would you have reacted to market volatility in March 2020? How would you have changed your positions and asset allocations during the Crisis? If you are a financial advisor, what suggestions would you give to your clients to ride through market volatility?

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