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!
How Integrated Shield Plans Affect You (All Insurer Edition) - Our Integrated Shield Plan (ISP) affects you greatly. It affects whether you have a good medical coverage now. It affects whether you can have affordable h...
2 hours ago