If you're a long term investor this market volatility shouldn't bother you

Unless you thought these SaaS stocks would *only* benefit in a Covid world there's no reason to panic. And if you do think they only benefit in a Covid world I don't consider you a long term investor :)

Digital transformations don't just accelerate through Covid than go away. They take years and years to complete and will be an ongoing process for the foreseeable future. Covid opened people's eyes to this inevitability, and more projects were kicked off

Cloud is only at about ~25% penetration. There's tons of room to run, and Covid opened the flood gates. But again, we're not getting to 100% any time soon. The market is MASSIVE, and we have years and years of runway

Here's what I'm doing - for my high conviction names on bigger down days like yesterday and today I add 1-2% of my position size. Helps me add to positions over time, and dollar-cost my way into larger positions if sell-offs go on for an extended period of time