Read something really meaningful today. Technical Analysis and Fundamental Analysis can only help you this much. The rest depends on Mr Market.
What matters most is your money management and anticipating what you will do in that scenario:
If I got to chose, I would have October be the last downside test to the 2007-2009 cyclical bear market. We had suspected from the outset that this bear market might last a couple of years; this month would be the 2nd anniversary.
The best plan for thinking investors is never confident predictions or one-sided plans but rather a plan A, B and C:
A. What if the market rolls over 10-20% here?
B. What if it moves lower than that?
C. What if it doesn’t pull-back but continues to climb?Failing to plan for different outcomes is no plan at all.
Define your rule set now, so that you will know what to do no matter what way this goes.
[Read the rest of Danielle Park’s views here >>]
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
- Why we may not have all the conditions that create the 1970s Great Inflation today - December 7, 2021
- How Conservative and Lower Income Investors can Make up Their Retirement Shortfall - December 5, 2021
- Having $6 million dollars and STILL don’t feel safe – Tackling Real Money Stories - December 4, 2021