This is the way. Did the same thing for 3 years before corona. Drop came, went all in, fast forward a year or two, we did not die, and the stocks were about 150%-200% higher.

I'm doing the same thing now. Slowly starting to sell off the shares I have, putting the profit in bonds/interest accounts, when the bubble pops, I'll go all-in (phasing it in over a few quarters most likely) and then profit after 1-2 years.

I was to conservative on the corona drop. I was expecting a dead cat bounce that never came, it was truly v-shaped.

2017 the SPY went from 2200 to 2600, in March 2017 it was around 2350.

The lowest it hit in March 2020 was 2190, on March 23rd. It was back at 2500 3 days later.

Well done on your 7% discount. Hope you didn't sleep in that day