Yep, I have jumped on the bandwagon on touching on the market downturn. Its ugly, its nasty but it has been a long time in coming.
DBS trading at 2x P/B along with STI hitting 52 week high back around April with negative growth outlook should have sounded the alarm bells.
But anyhow if this is your 1st market downturn, heres some ways to chill out during the turmoil.
1. Stop logging into your brokerage
I make it a point to check my portfolio once a week or whenever i feel like it.
Unlike my friends that like to 'monitor' their portfolio (like what the hell is that supposed to mean), I stick to the plan of
1) Knowing my buying/selling/taking loss/profit price before I bought the stock.
2) Set alerts when it hits/gets close to these prices
3) Allow an indulgence of 3 days of looking at the stock ......