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!
Why MicroStrategy Stock Tanked by 11% on Thursday
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S&P Futures5,304.25-4.00(-0.08%) Dow Futures40,140.00-36.00(-0.09%) Nasdaq
Futures18,465.00-38.75(-0.21%) Russell 2000
Futures2,145.20+6.80(+0.32%) Crude
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1 hour ago
Good that we can post comments now.
ReplyDeleteJust 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.