Making hay while the sun shines

Knowing this phrase is one thing but practicing is another.


When we got a 'prodrome' that disaster is coming, we should stock up our food pile. When we got 'prodrome' of a market crash, we should keep our hay (start cashing out). 

What to do when market ALREADY started crashing? 
Too late to cash out without incurring losses.

This brings us to the Chinese proverb - 临时抱佛脚


The same applies to countries and companies coping with a pandemic. Planning ahead is important. Who is well equipped and who has the protocols in place, when the outbreak happens and shit hits the fan, we will all know.

Are you a thinker or doer?

--

Now then say warchest not enough to slowly buy as the markets plunge?

Now then say 'why didn't let go of my bad investments earlier'?

Now then say 'why didn't I buy those bonds when times were good'?

Now then find the long-forgotten watchlist?

Hmm...



Still not too late to open a trading account to short the market now.

Wait... haven't honed the skills to do that!




Article [external link]: 6 charts and the 6 trillion loss

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Disclaimer: Contents of this blog are personal opinions and NOT financial advice to buy or sell any mentioned securities, commodities or assets.

Comments

  1. Rainbow girl,

    Not a word I see everyday - prodrome?

    Looked it up. Learned a new word today :)


    OK, I'm guessing you working in the medical sector?


    Yup. Its not about PLANNING to make hay, but actually MAKING hay ;)


    Most people just talk a lot, think a lot, and of course plan a lot...

    But never get round to ACTING before something happens!

    ReplyDelete
    Replies
    1. Hi SMOL,

      Yeah, it's meant for diseases. I thought you already knew my occupation? Haha

      NATO - I also learnt a new acronym from you.

      :)

      Delete
  2. The art of making hay during long summer to last over the next winter is heavy on mind and wallet. Hay is rotting with no cows to feed!

    ReplyDelete
    Replies
    1. Hi Uncle8888,

      No cow to feed nevermind. Line below pillow and make comfy mattress.

      :P

      Delete

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Disclaimer:

The contents of this blog are author's personal opinions and do not constitute advice to hold, buy or sell any securities, commodities or assets mentioned. I do not guarantee the accuracy and reliability of any information provided, and shall not be liable for any losses incurred from reading my posts or using the materials herein. This blog may contain affiliate links to external sites.