How to fight market volatility as retirees who are depending on their investment income?
A practical approach from unexpected lesson learnt in COVID-19 with an unplanned War Chest as one data point case study!
Read? Have you spend enough time thinking on your money management strategies? (4)
We have no control over market volatility!
We either go and fight it or slowly withdraw from it!
How to fight a War against market volatility?
Of course, we need War Chest!
How much is enough?
We have to find out ourselves! No model answer to this question!...