Where got time to grief?
Everyday so many things to do. [Doubt]
Anyway, let's use the more familiar investor sentiment model that tracks bull and bear market cycles instead. This is a generalizations of investor sentiment and by no means guidelines of how one should react.
As we are almost 9 months into bear territory. Average bear market length is 289 days or 9.6 months, but we are not done yet.
This is not the typical bear market.
My advice, please double the bear market time, bringing it to 18 months. That's when our friend, the Fed will reach terminal rate hike of 5%.
With the rate hikes more than halfway to 5%, we are probably closer to capitulation than we realise. That could probably be when SPX breaks June low of 3636! Next worse case scenario (or support) is 3200-3300.
The best thing to do is to remember why you invested in the first place, understand the investments you have and follow a plan - Be it dollar cost averaging or hold if you are already all in.
If you invested in lousy companies, then sorry - only solution is to accept and cut loss.
I learnt my lessons from the past and did not go all in. That allows me to have some sort of calmness, resilience and bargain hunting mindset to achieve my final financial goals.
To reiterate, no time to grief. Get on with life. Adjust your financial plan with the market situation. All the best.
That's all folks!
@Tiger_chat@MillionaireTiger@TigerStars
Comments