Here are some things to think about if you are getting edgy in this increase volatility. Run through these questions, and, if you have an answer to them, it might galvanized your investment plan. If they make you even more confused, you probably didn’t think there are this much considerations.
- What matters the most in building wealth? In these volatile times has these important factors change? Help here
- How much does geo-politics affect the way you build wealth? Help here
- What’s the frequency of a 5%,10%,20%, 30% or a 60% market drawdown? Help here
- Which is more destructive, selling in a downturn or not getting back in
- What’s is your sure fire way to make sure you get back in at cheap prices
- How much have you invested in your young life versus how much you will channel to wealth building in the next 3 years? (Hint: Suppose you are invested with $15,000 and you fear that being cut by half, while in the next 3 years you will pump in $20,000 each. Does that change your perspective?)
- Is it normal for a stock market to be surrounded by bad news? Should you wait until the coast is clear? Help here and here
- What is the most detrimental to your wealth? Help here
- Who are you listening to? Are they the best of influence?
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. All opinions on Investment Moats are his own and does not represent the views of 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.
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