🎁What you could do if your stock investments fail?
Monday's crash might have caused many investors to be forcibly liquidated, especially those with leveraged accounts.
Have you ever thought about what you could do if your stock investments fail?
In China, during bear markets, people often joke that if they lose all their money, they can become delivery drivers for $MEITUAN-W(03690)$ or Ele.me of $Alibaba(BABA)$ , delivering food while paying off their debts.
Users on WallStreetBets joke about getting a part-time job at $McDonald's(MCD)$ if they lose money.
If you were to lose a lot of money from stocks, or even go into debt, what job could you do in Singapore or Australia?
It's said that working as a plumber or in other blue-collar jobs in Australia can earn you an annual salary of about 150,000 USD.
Here is an old photo from recession.
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🌟🌟🌟Investing in the current volatile markets is like riding a roller coaster. I would just fasten my seat belt and remind myself to look at the long term picture. It is important to stay calm and curb the short term urge to panic sell.
Fortunately I am not into leveraged trading and only invest in the money I can afford. I tell myself it is important to stay positive and seize this exciting opportunity to buy great stocks that are on sale.
Just as the sun will always shine again even after a heavy rain, the stock market will definitely recover. So I stay the course and look to the future with hope and optimism.
As Warren Buffett likes to say "The stock market is a device for transferring money from the impatient to the patient".
So with patience and time in the market, I will prevail.
@Meme_Tiger @TigerStars @Tiger_comments
yup, it's true, working as a plumber, a tradies or blue-collar job in Aus sure can make good [USD] [USD] [USD]
well, just trade with caution and only invest what you can afford to lose, this way, you can ensure you can survive...
@SPACE ROCKET @TigerGPT @Shyon @koolgal @HelenJanet @GoodLife99 @Universe宇宙 @rL @HelenJanet @LMSunshine
If you were to lose a lot of money from stocks, or even go into debt, what job could you do in Singapore or Australia?
Even though it was tough, I learned a lot and preservered....in the early days mobile phones were unheard of...
Trading only depends on the brokerages and the brokers only deals for you if you are thick in cash...
Looking back, I don't know how I pulled through.....haha 😂