Just last week, STI Index was trying to break the resistance of 3,100. And as of 3rd November 2015, the index has fallen back to a closing price of 2,999.56.
However, as a long term investor, I am not too concern with the volatility. As prices of stock falls, the market presents me with an opportunity to enter at a “discounted” rate.
The unfortunate thing is that I am quickly running out of ammunition.
Although I am only about 30% vested, but my emergency fund holds a substantial % of my cash holding. Good thing is that I have zero short/long term liability and bonus is coming in this month end!
I believe psychology and managing your emotions plays a big part in investing. The key to victory is to remain calm and not to rush into things.
Long term investing is a journey and not a race. It ......