Generally, when my stocks are going up, I consider myself a genius. However, when the market is going down, I often blame the government, the market itself, or the latest geopolitical drama.
Over the past 12 months, my portfolio has increased by over 30%, and over the last five years, it has grown by about 90%.
Can the stock market continue going up? Will there be a downturn soon? How do I balance the enjoyment of the present gains with the little voice that says, “What if…”
While drinking a glass of champagne and dining at my favorite vegan restaurant, I’m fully aware that the celebration could end at any moment. There could be a negative year, or perhaps several negative years. Yet, despite this awareness, I struggle to take profits off the table. Instead, I am actively seeking alternative sources of income so that, if my luck in the stock market runs out, I’ll still be able to pay the rent.
I think it’s normal to hope for the best possible outcome.
Companies should strive to be as profitable as possible.
Employees should aim for the best possible compensation.
Families should seek to live fulfilling lives, but within their means.
We all want the best, but we should also have a plan to prepare for the worst.
In my case, I accept that having a bad year is part of the journey. If that happens, I hope to face it without panicking. Don’t be sad because the party ended; be happy because it happened.
I want to end with one question: What personal rainy day fund are you building? It’s not just about money. It could be about emotional resilience. Are you building a network of supportive friends to hold your hand in case of a downfall? Are you developing new skills, either to stimulate your brain or as an alternative source of income? Think about what your safety net looks like. What are you doing today to prepare for tomorrow?
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