Should our investing decisions be continuous struggle???
Uncle8888's last reply to her.
Do stress test on current holding stocks. How much will you lose back
your unrealised gain? Worth taking this risk for potential gain and
dividends? Learnt from wise men from the past ” 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.”
Example of stress test and simulation Should Uncle8888 take partial profit on his Kep Corp on Monday and keep the winning money safe in the bank?
It is not an exact Science but it will help your Investing Mind to think about it. It may help to ease the continuous struggle in making investing decisions.
Number in Red is the simulation of something bad that may happen in the future and cash flow is needed at 2023.
Wise men's word of the past is worth listening!
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.”
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.