We need to know ourselves what keep us awake at nights?
After close to 60 years of sleeping across
economics, financial and market cycles, Uncle8888 knows well enough what will keep him awake at nights?
- Lack of money to pay bills.
- The thought of being retrenched and out of job for a long time.
- The thought of having to sell his stocks at market low to fund his family living expensesThat is why he tracks his family living expenses of five and forecast what is the likely future living expenses for two unemployed @ 2.5% inflationary rate for reasonable cash flow to fund his lifelong living expenses and put a $ value FOR a good night sleep.
If you have a worry problem, do these three things:
- Ask yourself: “What is the worst that can possibly happen?”
- Prepare to ...
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