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
enough mon...
1 week ago
CW,
ReplyDeleteFor readers too lazy to click the backlinks to see the full context, I better put point 11 here:
"Face up yto poor decisions. Apply a 20% stop-loss - sell and move on. However, ignore stop-loss if there is a major market overall fall."
Remember rule 12 without applying rule 11 is just cherry-picking ;)
Especially when STI is now not in a major market overall fall, but yet holding on to counters with more than -20% losses and using rule 12 to ownself lie to ownself...
There is a reason rule 11 is on top of rule 12. Wink.
:-)
DeleteCW,
ReplyDeleteYou don't follow rule 11, do you?
No stop losses, but it doesn't mean no restructuring to raise capital to switch horses when it is time to do so.
DeleteIt is like failing companies restructuring to survive on new hope.