RE: A lesson....of sorts.25 Aug 2021 11:02
At times of stress and confusion within the markets , when fear and multiple different angles are being thrown around its easy for even the most seasoned level headed person to panic or make a knee jerk reaction.
I try to apply the same decisional balance strategy as I would in my non investing life. The pros and cons of making the change or not making the change and first question ofcourse what's changed to make me feel this way to begin with. If nothing fundamental then I wouldn't even address the pros and cons. And that would have applied here if I'd have invested before this week whilst the sp was dipping.
I don't trade so not interested in grabbing a few percent here and there, when you get concerned about a falling sp it's such a simple question to ask but a useful one .... what has actually changed here, if nothing, then nothing has changed from the point you decided it was a worthy investment