Good day to you all inleo family, and to all the investors and business people out there taking important decisions and building something worthwhile. We all are very much aware that the market has been so uncertain these days. A lot has been happening and it is so saddening that at such a time, a lot of people are making grave financial mistakes that is jeopardising their investments and portfolios.
The truth is that in the world of investing, there will always be green days and red days when the financial world feels uncertain, it’s normal for us to worry about our investments. Because in these times prices can change fast, news can be confusing, and we often feel unsure about what to do next. A lot of people sell off in losses about of fear, some others jumping at what they think is the market making way for them to have a perfect entry point.
For me, I think it's more important to take steps that are geared at protecting what you already have. Such market times are no the right moments to take decision out of rush. And most importantly avoid putting all your money in one place. When you spread your investments across different areas, you reduce your chances of losing everything at once. Even if one part drops, others can still support you. This helps you stay balanced.
Another thing is to keep some money aside for emergencies. This makes you feel secure. If something goes wrong, you won’t be forced to sell your investments quickly. You can stay calm and make better decisions.
It is important is important to first balance your mindset, understand that market dynamics can be favourable and unfavourable sometimes.
So many of us make the mistake of checking the market too often but I don't think that is good for our psychology. Constant price changes can cause fear. Instead, we should rather focus on the long term goals and the reason for which we entered the market in the first place. Most investments grow over time, even if there are bad moments along the way. When you think long term, you stay more relaxed reap the long term benefits.
It's good to stay updated with the current market trends, but we shouldn't let every headline scare us. This is because we mustn't know everything. It's okay to just keep an eye on the major updates and make any small adjustments if at all necessary. Very true because sometimes simple awareness can protect from big losses or common mistakes.
One of the most important thing I believe we should hold on to at such a time is to invest only what we can afford. Don't borrow money to invest when the market is down because you want to jump in, don't because of FOMO do something that will jeopardise your financial future, and don't don’t stretch yourself unnecessarily at such a time especially if it's not convenient for you.
This post is not about does or don'ts. As a smart investor or business person, always take decisions that are geared towards protecting and preserving your business and investments. Opportunities will always come up at different times, some true, some false so we shouldn't trade a future of financial freedom for small momentary temporary gains in projects that wouldn't stand the test of time.
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Posted Using INLEO
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