Setia100 wrote
So far, all comments I read Recommended
1) Don't Panic, Don't Sell.
You ought to panic cos money is stake. But don't anyhow sell, some stocks are worth keeping for long term.
2) Waiting For Your Target Prices n buy your preferred stocks.
Yes. This one definitely true. Many a times, we research a stock only to find it is overpriced or over valued. Hence, the waiting game starts and it will end when the opportunity comes to allow us to buy the stock at the right price. This is regardless of how the market moves. However, in declining market , this opportunity appear more readily.
3) Keep DCA on stocks at your portfolio.
This depends on whether the stock is worth DCA. And the entry price to do DCA matters.
4) Buy ETF to minimise losses.
Again, this is a fallacy theory. There are many ETFs. Picking the right one with right constitutes n right price required some research too.
The above recommendations all need cash, lots of cash, to fulfill...🥺
Cash is King. Indeed, it is. I often tell people around me . When the time comes and opportunity presents itself. U got cash or not? [smile]
So in short, Cash is King in bear markets....
Warren Buffet always keep cash on his portfolios to wait for the right moment 😂
Congrats to those with CASH n Lot of CASH to dispose Now✌️💪👏👏👏
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