Post by
retiredcf on Jan 22, 2022 1:39pm
Sound Advice
One of the hardest things for investors to do is 'nothing'. When markets go against you, and you feel like selling, it is important to ask yourself 'why' you are selling. Is it because you are scared of losses, or because fundamentals have changed? Other questions to ask yourself: Is your portfolio properly balanced? What is your time frame? Can you withstand some more losses without panicking? Is your income more than your expenses? The start of 2022, at least for some sections of the market, has been absolutely brutal, one of the worst we have seen since 2008 (October). But keep in mind that things always look bad when they are down. Sentiment and fear can get in the way of investment success. There is nothing wrong with doing 'nothing' in times like these. It is exceptionally hard, but most times turns out to be the right move.
No doubt prompted by the deluge of questions they faced this week during the market meltdown, 5iResearch posted this at the top of each page. Words to live by. GLTA
Comment by
tony08 on Jan 22, 2022 2:00pm
35 years ago when i followed a formation with "COTES 100" it was the same principles that where point out......And it's still true today. Yet i would add that if advisable one could take advantage of the low prices these time and even buy some more.
Comment by
Possibleidiot01 on Jan 22, 2022 6:04pm
Sitting on your hands and not reacting to market sentiment is always a valid option:)