Investment is tough when market is in high volatility and position is in red, really red. How red is red is based on individual pain points. For anyone this is matter of time when we are in this situation. Some people may feel painful losing $800 when their monthly salary is $8000. Some people do not feel much at all and sleep soundly even when they are in $250,000 loss. The key is to find our ways to close the gap and how to overcome the emotion so that we do not worsen our situation further. Below is what I did.
“Successful investing is about managing risk, not avoiding it.” “The essence of investment management is the management of risks, not the management of returns.” This is what Benjamin Graham, the father of value investing, had to say about investment risk.
Taking care of our basic needs
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