Tuesday, 12 December 2017
8 Wise Lessons On Wealth That Singapore's Self-Made Tycoon Peter Lim Can Teach Us
Read? 8 Wise Lessons On Wealth That Singapore's Self-Made Tycoon Peter Lim Can Teach Us
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!
CW,
ReplyDeleteThis is how throw brick to attract jade works ;)
You don't disappoint.
Let's see how many of your readers get it!