Just For Thinking ...
Read? Investors, beware of self-serving bias
Thinking that the worse is over for their stock and the downside is limited is another form of self-serving bias.
When we come to the stock market, it is best to hang our ego at the door because market is known to punish us hard if we are not humble.
The worst for any stock has yet to come until you sold it; then only the worst is truly over. Get it?
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A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
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1 week ago
Hi
ReplyDelete"The worst for any stock has yet to come until you sold it; then only the worst is truly over. Get it?"
Very well put. "Loverly" The recent market's turmoil due to Japan & Middle-East has my portfolio's profit free-fall 30-50%. It's really scary even though it is still profitable.
Now, my portfolio's profit is back to "original". But I know I can't count the chickens before they are hatched always apply very strongly, especially in the stock market.