WOW !!! .... Drop again... ZZZZ... Net worth drop to slightly below SGD 3M.... Sian... If we looked at what has happened in the last 1 year itself our portfolio is pretty volatile reason being we had a focus portfolio of 20-30 holdings. The Month to date drop was about 6.5% for this month as and the total decline for YTD about 9% . as the platform did not update the US market decline last night ..
So what do we do ?? We panic and sell.. Of cost not .. For a season investor that had been thru the 2008 financial crisis , this decline is nothing new..
There had been a total of 38 decline of more than 10% decline since WW2 according to an article published by GS. The odds is clear investing is a long term game and to build wealth, one must be able to endure the volatility. The most important question right now should be ? Are you sure of what you are buying ?
So now the next question should be if it drop to more than 20% whats next, congrats your odds has just reduce further to 1 in 12 chances in your life time.
Had it dropped to more than 60% ? congrats once in your lifetime... must wack jia luk jia luk.
If drop more than that ?? don't worry a lot of billionaires must have lost more than you haha !!!
