Business
A painful lesson of my life.
March 2009…
I was away for a holiday in March 2009, at the depth of the financial crisis. I had sat through one of the biggest downturns of the markets and my emotions and mood was swinging up and down with the market conditions.
I told myself that there seems to be enough blood with the red in investments in the streets. I will want to avoid the emotions so I will wait till I get back from my holidays before I decide to buy more stocks again.
When I got back a few weeks later, the stocks I had wanted to buy had gone up by at least 15%!
So I thought to wait for it to come down before I decide to buy again. The prices soared and never came back down to those previous levels. I had missed the boat. In the recent years, some of these same stocks have actually been delisted!
💥 Lesson learnt : It is so hard to time the markets or pick stocks, especially over a prolonged period of time.
🤓What is the solution?
And so now, I use a systematic process that helps me and my clients have more purposeful living, increased peace of mind, better relationships, reduced risks, have more time for yourself, simplify your life and still get higher returns!
When you have a solid process for decision making made at the beginning, you get to your goals more easily.
Do you agree?
My name is Greg and if there is someone who would appreciate and read my posts and insights, pls feel free to share with them and me and help to repost too!
