2. Accept the good and bad with equanimity “When you are holding stocks, if it goes up, don’t be too happy; when it goes down, don’t be too sad. Otherwise, how? Your life will also be fluctuating and you’ll die of a heart attack. If you really lose sleep over it, maybe the best way is to keep the money in the bank.” (Source: Weekender) CW8888: But; this is how to counter retail traders who love to poke retail investors on paper losses. Right? No lah! ONLY when one doesn't depend on partial asset draw-down to partly fund one's living expeneses; one may have to worry too much over paper losses if each of these paper losses is limited or cap at X% of their investing capital. Without any substantial losses; a few zero beggers won't kill! Don't concentrate your losses!
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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