1/5000s | f4.5 | 62mm | Soaring seagull at Windermere, Lake District.
I have such bad timing; I put stakes into the equities market just before the UK economy was hit by stagflation. Sure, there were signs - the credit crisis coupled with increasing oil prices - but I was sure that the shares were value buys. Over the past 3 months, I've learnt a few things and here are some notes-to-self:
If share price is falling, don't rush into the market too soon; forces in the market know things you don't.
#2 Fortify yourself emotionally
Don't let share prices affect your state of mind - you are investing for the long-term.
#3 Have a target sell and buy price
Know before each transaction how much gain is enough and how much you're willing to lose.
I'm holding on to those shares as I still believe they're great companies. I'm also holding on to the dwindling days before proximal relationship turns long-distance. I have such bad timing.