Read? What was I thinking and feeling in Mar 2009 Bear market low? (2)
When the market keeps falling to a certain point even some most experienced and seasoned retail veteran investors will cut losses and stay out of the market and hoping to buy back lower.
We can plan but when the moment arrived our balls may shrink faster than the market drop.
We need strategies to overcome the Fear.
What are your strategies in addition to your capital deployment plan?
The Mind part?
True story:
ReplyDeleteDuring 2009 low, one colleague asked me what to buy. I told him DBS now at $6.X and 8.x% yield can buy. He never buy as he was waiting for $6.
If DBS dropped to $6. He would wait for $5. Right?
CW,
DeleteRight!
And when DBS went up instead to $8, he would wait for the pullback to $6.X you recommended.
It's like in corporate life - superb planning; lousy execution :(
Do more; plan less? (But... but schools taught differently...)