This statement has to be fully explained! Stock market volatility is NOT risk is ONLY applicable to those retail investors NOTdoing any form of leverages AND DON'T depend on their investment portfolio fordraw-down to supplement or fund their annual household expenses AND they still have war chest to fight as market continues to trend lower AND they are also NOT afraid of sitting on gigantic gains when market turns in their favor. The days when we turn into depending on partial draw-down on our investment portfolio then Volatility becomes risk! Read? Peter Lynch on His Secret to Superior Returns (2) Forced selling during market low to cover any expenses is a terrible and horrible wrong thing to do as long-term retail investors over market cycles! Show Uncle8888 your money management, position sizing and firing strategies. He will give you his comments for you to go up Bukit Timah or Mount Faber Hill next weekends to think it loud about ......