” If you have a worry problem, do these three things: 1. Ask yourself: “What is the worst that can possibly happen?” 2. Prepare to accept it if you have to. 3. Then calmly proceed to improve on the worst.” (Carnegie 49)
When we step into the first week of Jun2012, we may be able to know from the marketing agents whether 2012 Bear 2.0 is ready for worldwide distribution.
Good advice from Dale Carnegie. Ask these three questions and stop worrying.
Q1: Ask yourself: “What is the worst that can possibly happen?”
What will happen to my portfolio if I get hit again like 2008/09?
I did stock prices crash simulation on my portfolio and it seems to be better off than Mar 2009 low.
Q2: Prepare to accept it if you have to.
That is the reason I will not be adding more stocks into my portfolio any sooner since I have prepared to accept the worst as it is.
Q3. Then calmly proceed to improve on the worst.”
I have taken back close to 98% of my invested capital since 2003 as war-chest for 2012 Bear 2.0 so I am unlikely to be caught naked like what happened in 2008/09.
BTW, for your investment decision, have you similarly ask yourself these three questions and how you answer them?
Posts
Checked and done ;)
ReplyDeleteAh! The beauty of experience...
Caught with our pants down once is enough!
LOL!
Ha ha, Uncle CW8888, just a thought, are you fighting the last war? There is a saying that generals always prepare for the next war by using the lessons of the last war (which is actually useless), because the next war is different.
ReplyDeleteWhat if we were to melt up, rather than melt down?
A drip drip, 0.5% increase a week for 10 weeks
Cheers
V