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[Premium] Adding to Core Holdings
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Growth stocks have given up a lot of their 2020 gains and quite a few are
still trading 30%-50% below their all-time highs. Meanwhile, the indexes
like the...
2 hours ago
How many know enough is enough and then stop?
ReplyDeleteLosses and seeking financial independence same same?
How much is enough then we shall stop it?
It depends ...
ReplyDeleteThose who are young & starting to save and invest for retirement should be on their knees praying for a HUUUUUGE bear market.
Those who are relatively good momentum traders should also be going to church/temple/mosque every week praying for BIG bear market.
Those in their 50s or 60s or 70s with large allocations to equities and being "fully invested", but who lack tactical asset allocation skills, will be CRUSHED by HUUUUGE bear.
That's what happened to many baby boomers in the US when GFC occurred. Many had to delay retirement; many others had to come out of retirement, as their retirement funds kena demolished.
Lucky for them got Paulson, Bernanke, Geithner, Obama to the rescue & make them whole again within 6 years.
Any financial advice, view or tip has to be dispense at very personal financial level. General assumption is seldom sustainable as each household is different so their financial needs and goals tend vary.
DeleteYounger tend to have time but may lack the account size. Older may have larger account size but lack of time. :-)
What are the 3 Best things to have for investing in the stock market?
ReplyDelete1) Longevity.
2) LUCK (GOD'S Blessings)-depend on what you belief.
3) Deep pockets.
To me Deep Pockets can be built up.
Most of us are average working class.
And who say me @ 69+ is not looking for or anticipating another round of Big Bear?
HA! HA!
Go and ask WB.
I have said, "It's ain't over until you are over".
This is part of my thinking or philosophy.