A lot of events had happened for the past few weeks and months. From sub prime issues to bank going bust and to recession (Singapore is in technical recession). I had seen many things; people starting to panic especially for those who invest, people selling all their shares and getting their fingers burned cause they had made a loss, people wait and see and people totally stop investing. All these are nature in life.
As for me regardless what the situation are like whether the economy are doing good or doing bad, always keep this in mind DON’T PANIC.
Why I'm saying this is because it's a cycle. There are always the ups and down in life same goes for the financial market. So here are the 3 tips for you pertaining to investment.
1. Stay invested
2. Dollar cost averaging
3. Diversify
At the same time avoid putting emotion cause you can’t time and predict the market. Another thing is if you want to invest, please invest for a long term about 5-10 years or even 10-20 years.
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