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What is AK doing differently?
Well, I am trying different things in Genshin Impact such as putting different characters in a team to see how things work out for them.
Oh, you mean doing things differently in the stock market?
Oops.
I haven't done anything.
So, what's there to say about doing things differently?
Nothing.
If we are investing in good income producing assets, there is really nothing much to worry about.
I can continue gaming and not look at the stock market for many years in a row and these assets will probably still be generating income.
There is, however, a big "IF."
If we did not invest with money we cannot afford to lose which includes debt in all its forms...
Mr. Market will have mood swings and there is really no telling why and when these mood swings happen.
When Mr, Market's mood swings happen, stock prices usually see big moves.
Plunging prices shouldn't matter to us if we are invested in good income producing assets as long as we are not investing with money we cannot afford to lose.
Then, there are speculators.
Speculate only with money we can afford to lose.
If we cannot afford to lose a single cent or don't like the idea that we could lose money, don't speculate.
Remember, Mr. Market can stay irrational far longer than we can stay solvent.
Remember, don't risk losing the things we need for something we really don't need.
Remember, nobody cares more about our money than we do.
We don't want to have to liquidate at prices we would usually have rejected.
We don't want to be at the mercy of Mr. Market.
After all, Mr. Market is not known to be merciful.
When the tide goes out...
So, why am I able to keep cool and continue gaming?
If AK can do it, so can you!
Related posts:
1. Cut loss on Alibaba or buy more?
2. Investing with common sense.
4. How much passive income is enough?
5. Market sways while AK plays.
6. Lost life savings and now in debt.
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