In late Aug 2015, I went on a buying spree as the market became a sea of red over several weeks (see Playing with the Bears of 2015). I actually saw my portfolio collapsed by $60,000 during that period. It looked like the year was heading towards negative returns. Not very exciting.
What does $60,000 mean to you? For some, it could well mean two years of salary? For others, it could mean forgoing a few overseas holidays with the family.
I went away for a week of holiday in Sep 2015. I realised I was actually pretty Zen about it. I didn't check my portfolio at all during the week overseas, devouring seafood and other exotica in Japan. Blowfish sashimi anyone?
When I returned from my escapade, I was pleasantly surprised to discover that the $60,000 'loss' had been reduced to $30,000. I hadn't sold anything. The slow ......