Stock Rout and Long Flight Delay
During the black Monday on 24 Aug 2015, I am on my way to China. My flight departs at 0945h, STI stock rout begins 0900h.
Then boarded the plane on time, but waited longer than usual onboard. Announcements after announcements of flight delay due to China weather follows. Maybe it was also influenced by the stock crashes! The captain eventually asked passengers all to disembark and board again later at 1330h. Wow close to 4h delays. Now I head back to the lounge and have my lunch.
Relax – Enjoy Free Osim Massage
Ok, I sell during the wait. I am not Warren Buffett, and my heart feels more comfortable with higher cash position. Still no net REALISED paper loss this year! But paper loss amount is high for my standard.... sob sob!
THE BEST WAY IS TO STAY RELAX !!! NOT SO EASY?….THEN DO SOMETHING TO RELAX!
I tell myself. Ah….OSIM chair…Free try in the lounge.
Feels great…although I still prefer “warm human hands!” FOC, do not complain. Now, I still have good appetite to eat lunch.
Stay Calm – Write down your strategies
While on the plane, I read papers, eyes tired…close eyes listen to music… then watch Kris entertainment Movie. FOC! Then eat meal and yes..ice cream and coffee…then show finished, eyes tired again. Now, listen to music again and lie down and watch pictures of my family members on my phone. Finally write some blog….
By the way, the movie I watched is Chinese HK movie “From Vegas to Macau II (賭城風雲Ⅱ)” starring Chow Yun Fatt and Zhang Jia Hui (Nick Cheung).
During one scene, Zhang Jiahui and his daughter are being pursuit by killers. He stays really calm and makes series of home-made bombs and killed all the baddies, then coolly tell his daughter that to live life well, staying calm is most important! Most people just do not understand, he said.
I was inspired! So on the plane, I quickly wrote down my plans and strategy, watchlist etc. Physically write them down please, not just in your head!
It calms me down, and I feel more confident and have a smile on my face. Don’t let your emotions run wild.
Understand your Perspectives – Think Long Term
“Did you always tell yourself to think long term and hold stocks forever just like Warren Buffett taught you?” Ahuh…gotcha….so you are not really Warren Buffett….stop pretending like one…
Newbie investors…still say.. “Buy Low, Sell High some more!” still say… “Be greedy when others are fearful…!” Ouch…my foot, we are not Warren Buffett!!!
Ok….Cry finish? Heart still pumping? If yes, then mean you are still up and kicking. Now think again, and re-visit your initial perspectives.
If your CPF got wipe out 20% now, will you feel as painful? Probably not, because for many of us, you are not going to get your CPF until a long time later. Ok...enough of crap answer, please do not tell me if you do not have CPF because you wipe it out all for your property...hehehe
Know Yourself – Sell to Diversify If Need To
You read stock market graphs before the crazy Monday, aren’t you? Stock market isn’t a straight line up or straight line down. It goes up and down.
Ronan Keating sings “LIFE IS A ROLLER COASTER, YOU JUST GOTTA RIDE IT!”
YES…JUST LIKE OUR LIVES. If you have no "true" life experiences, then you must be thankful now you taste only a small part of it for it is the best time for you to learn. Hopefully it happened when you are younger now. That is why, I always encourage myself and my kids to start things early.
End of the day, remember who you are, is the most important in bad times. If you got hit hard this time. Start again. Where you fell, you pick yourself up. Don't give up, the game must goes on! Know yourself more the next round. Be prepared.
For me, I feel comfortable to have more cash. I am sitting with >60% cash now. I am happy. This is me, BUT you are NOT ME. So stop worrying about what I will do next or what I had just did.
Stay calm and find out what you should do.
Hey…I already had forgotten my paper loss, while enjoying myself in China now during a business trip. My China friends and clients, who are with me today, are not perturbed by the stock market. We stay happy and eat lunch and dinner all FOC…thanks to our companies!
Remember What You Have
You still have your H2F3…. Refer to my previous article on H2F3 here.
Health, Hobbies, Family, Friends, Financials…. Still have?
Stop Watching Your Portfolio if Your Heart Cannot Take It
Now…Hug someone if you need. If not, hug your big smelly pillow!