As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Wednesday, 2 September 2009

Falling STI soon?

Falling STI soon? How will you feel?

- Evaluate your tolerance for losses, i.e. test your threshold for loss and panicking when things go wrong so that you are at least self-aware

- Diversify, so that you realize not all stocks fall at same speed, surprising some may even rise.

- Focus at your future, looking at much longer term goals and strategies so that you are less likely to feel depress when it gets really bad.

- Try to reframe your losses as you cannot change the past, but you can think it differently.

- Be mentally prepared.

Hope the nightmare in Sep/Oct 2008 will not repeat. Cheers!
Posted by Createwealth8888 at 21:24
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1 comment:

  1. Musicwhiz3 September 2009 at 01:08:00 GMT+8

    Good that we can post comments now.

    Just want to say that you have very good articles put up on property investing and personal finance. I enjoy reading them ! Keep up the good work, thank you.

    ReplyDelete

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