Worried About Market Ups and Downs? James: If You Are Worried, Stop Investing Immediately!
I am grateful to have found you last September. For nine months, I have listened to your lessons during my commute to and from work.
I hope this letter finds you well.
I am grateful to have found you last September. For nine months, I have listened to your lessons during my commute to and from work. What I regret is that, at the end of last year, I assumed QQQ was "not performing well" and therefore did not invest much. So far, my position is only about 20%.
Now, except for daily necessities, I put my monthly salary into 513100 and 159501. Fortunately, I am 30 this year, so it is not too late to have met you. My husband and I both have relatively stable jobs. We also have a son who is not yet two years old. Our family does not have much pressure, and about half of our annual income can be used for investing.
I firmly believe the Nasdaq will perform well over the next 30 years. But when I occasionally see a large daily paper loss, I still feel a little worried. I would like to ask how I can overcome this mindset.
James's Reply
If you are worried, then do not invest.
Not everyone is suited for investing. If you worry, your investment will ultimately fail, unless you truly understand long-term investing.
People who worry that an airplane will fall should not take airplanes. Otherwise, having a heart attack would not be worth it.
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