By firstname.lastname@example.org (Singapore Man of Leisure)
Someone who is sitting on a 2 or 3 baggers feels different with a 10% correction than someone who has bought the recent high and is taking a 10% unrealised loss.
Someone who has taken back his capital and is only risking his “unrealised profits” in the market is not feeling the same stress as someone who is using 50% margin and risking 2 times his capital when a correction hits…
Someone who only has max 25% of his networth in equities is a lot more sanguine than someone who is 100% vested in equities.
Someone who bought shorter duration bonds like 1 year or 5 years government bonds is not suffering capital losses when interest rates rise, just as long he can hold the bonds till maturity. Those bei kambings who bought into bonds funds or ETFs will suffer capital losses…
Someone who got sugar daddy/mommy to bail them out when things go horribly wrong can sleep better at night.
The Costs of Raising a Child in Singapore ( 8 Jan,2015 )
5 Things About Money I Wish I Told My 20-Year Self ( 18 Oct,2015 )
2016 Annual Letter To Readers Of BigFatPurse ( 22 Dec,2016 )
You still want to play equities in your 80s? ( 3 Sep,2015 )