This too shall pass! Keep calm and carry on!

First up, grateful to many friends who have subscribed to my new blog. Pls help spread the word too as I sought to build a community and reach out to like-minded pple.

As for those who haven't subscribed, mai tu liao! What are you waiting for?

Secondly, many thanks to those of you who have given feedback/tips on how to improve my blog layout, design, fonts, colours etc. Pls bear with me as I learn along the way ;)

Ok, moving on to impt stuff. Have you seen headlines like these lately?

"We might not see the end of selling until the post pandemic gains are wiped out!"

"Will the Fed only let up when investors get a lot more nervous?"

"As interest rates soar, Wall Street braces for an inevitable recession" "The debate amongst experts have moved on from hard vs soft landing to how hard the landing will be!"

With the above in mind, I thought of penning a post to assure us that - Just as sunrise & sunset, day & night, hot & cold, things will come around! The important thing is to stay the course, and do the right things (especially) in crisis!

To put it succinctly:

DONTs:

1) Do NOT go on a panic selling in a falling market and hope to wait for the market to come back. As the saying goes - The foolish things you do today produces tomorrow's bad times!

2) Do NOT hope to time a lower price to buy back -Random selling and buying back won’t get you the best price. You are more likely to end up buying back at a much higher price or miss the boat. Sometimes, it’s best to hold on and ride through the down cycles. Just as mean reversion theory, good businesses behind solid stocks will bounce back.

DOs:

1) The wise things you do in today's bad times, produces tomorrow's good times! Buy or stick to holding profitable businesses with solid competitive advantages!

2) As Ah-Gong Buffett says - Be fearful when others are greedy, Be greedy when others are fearful! So do your homework, set your target price for those stocks you have been waiting for, once they reach the price, go in for the kill!

3) Do SOMETHING! For those risk adverse friends, I feel you, I was like you a few years ago! But in the rising standards of living, in the current climate, we got to take the baby steps:- even buying Singapore Savings Bonds/fixed deposits/Robo-advisors is a good start!

Whatever it is, don't do nothing. In fact, those who are risk adverse/ignorant/blur/lazy-to-learn are those who are most poised to do better than me! The million dollar question is, are you willing to take the leap of faith? Will do a separate dedicated shout out to these friends/readers in another post =)

Though we may all be worried (to different degrees) about our portfolio, inflation or the Big R in the short term, I expect markets to recover and my portfolios to survive the current bear market. Then thrive in the long term.

Remember - This too shall pass! Keep calm and carry on :)

PS: If you like what you read so far, or know of friends/loved ones who may benefit from this, pls feel free to share with them! And subscribe too!

Yours truly,

Mr MoneyandHealth (MH)