Good or bad, things happen every day.
When things happen, people react.
How we react depends on our situation.
When the stock market collapsed, there were certainly a number of reactions.
Some may find it surprising, but the crash didn’t affect me emotionally.
Readers who have been following me for a long time may have an idea why.
Basically, I’ve achieved everything I set out to do to be calm.
Read the following blogs to get an idea of what I’m talking about:
1. How much residual income do we need?
2nd Passive income for the fourth quarter of 2019 and the full year 2019.
I remember one more saying:
“We only need so much money in life, the rest is used to show off.”
Nevertheless, I would like to further expand my assets.
Yes, at this point it’s probably more of a need than a need, I think.
However, if stock prices collapse and everything else stays the same, we get better value for money.
So at lower prices, I nibbled on certain stocks.
You can find some ideas in the following blog:
3rd Biggest investments updated.
There is no need and I have no real motivation to look at other counters outside of those listed.
Did I say I was nibbling?
Yes, I was just nibbling.
I have not yet rolled out my war crates.
The COVID-19 situation appears to be more serious than SARS.
It will probably get worse.
Of course, I still believe Mr. Market will recover from COVID-19, but it could take longer for SARS to recover.
The World Health Organization (WHO) declared COVID-19 a global pandemic.
COVID-19 can no longer be included.
COVID-19 will spread.
We can only try to slow down the rate at which this happens.
No, thanks to Donald Trump, the global economy slowed even before COVID-19.
With entire countries blocking and economic activity slowing, it is only natural that recessive pressure will set in.
More bad news is expected in the coming weeks and months.
Nevertheless, I will remain invested because I believe that my companies will continue to pay me.
What about increasing equity exposure?
Like I said, I nibbled on some stocks when their prices fell, but I’m in no hurry to buy much more.
Share prices could recover as prices in a bear market go down a river of hope.
However, until I see signs of a downward trend or, better still, a trend reversal, my war boxes remain closed.
As I said to a friend recently, keep calm and play Neverwinter (or anything else that we enjoy).
My mind is at peace and it will probably stay that way.
It should be yours too.
Wash our hands more often until the next blog, practice good hygiene and stay safe.
We should always remember that there are more important things in life than making money.
Mr. Market is sick and AK speaks to himself.
(Read the comments in the comment section of the blog if you haven’t.)
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