We do have some indirect control in the stock market through our assets allocation to meet our current and near term liquidity need and to avoid selling our assets at market low through our portfolio management.
Even with an old heart, Uncle8888 should be able to take and live without depression over a few percentage points of volatility in his net worth but not something in the magnitude of 30% to 40% drop.
This type of drop can cause depression. Better don't try!
When we are older; asset allocations and portfolio management is becoming very critical as we definitely want to avoid any severe shock with our financial affairs.
Losing back paper losses of single digit loss to Mr. Market should be tolerable. Right?
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 2041 @ 85 yrs old.
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