Hi, being invested in the market means a need to stomach some kind of volatility right? What do you reckon is a good mindset and/or strategy to sit through a downturn like this? Or, concretely, how do you manage your own portfolio? Thank you.
-FY
Reader FY commented in my previous post.
It's a worthy question.
The thing is... I haven't written much or thought much about this cos... well, I don't think it's a big deal.
But... it is a big deal for a lot of people and I should write about it.For me, I've watched the markets crash in 1998 during the Asian financial crisis.
2008, the Global Financial crisis.
2019, COVID crisis.
They all recovered. So for me, it's pretty much been there, done that.
Of course it's no fun looking at my portfolio which is down maybe 15-20% or maybe even 40%.
But life goes on. Depending on the type of investments invested in.
Some investment...