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Anonymous
How can we plan for it accordingly?
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Pang Zhe Liang
19 Nov 2019
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
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If you are planning to invest, then I will share with you that I have compiled a list of financial crisis and disasters that had happened since the 90s. Consequently, there are strong reasons not to invest our hard-earned money. However, year after year, investment returns have proved otherwise.
Therefore, the plan is this:
Know your investment objective
Know your investment horizon
Manage your emotion
If you need the money, then don't invest. This is because investment return is always non-guaranteed.
If you don't need the money, will you cash out when the price is rock bottom for a day or two? Probably not!
Now you are safe. =)