Recently, the number of people who asked me for investment advice is so high that they can’t even hold a basket, because it seems that everything is falling, except gold (of course, gold can neither outperform the US stock market nor Bitcoin as a whole). Many people are anxious, saying whether this will come back or whether they can still hold that.
I have a simple idea: if you don’t know whether you can still hold it, then you shouldn’t hold it, at least not so much, because you are not prepared to deal with this situation at all — either your position is not prepared; or before buying, you didn’t think clearly about why you bought it and what you bought.
This is certainly not financial advice, because whether you continue to hold or sell, you have a 50% chance of guessing right. Yes, guessing, most people who are panicking about the market must be guessing — if the position is reasonable and the logic of the investment products they hold has not changed, then they must do what they should do, and there will be no waves in their hearts.
As I said before, if you really agree and you have a reasonable configuration…