2022 H1 has been a roller coaster for all of us ... Esp the downs have been scary- but educational on the basics of Asset allocation between equity, debt, cash, real estate etc- when your equity valuations increase beyond your allocation, then remember to book profits and to convert those to cash- to get dry powder for investing in such downturnsDCA or RSPs- to benefit from lower valuations when mkts are downDiversification- don't put all your eggs in 1 basketTo read and learn from market experts
Thanks to everyone for sharing your lovely suggestions. I would like to read Atomic Habits by James Clear. I bought the book earlierbut haven't read it yet. By sharing this with you all, I will now actually read and complete the book. The booksuggests starting with small steps, which ultimately become a habit.The Tiger Community is to enable all of us to become better people. And to become winners in investing and in life. I really hope that each of us will decide on a New Habit each month of 2023 and then follow it - starting with this Feb itself - let's all Just Do It [OK]
T Rowe Price is what Warren Buffet should buy next. He’s got a warchest waiting to be deployed and this is one of the best run investment managers in the world- they have solid processes and a super track record. the stock has corrected and is fabulous value right now- for the long term. Roboadvisors are no good compared to real investment gurus- for value investors- not for Robinhood investors
The Little Book of Common Sense Investing by Jack Bogle, founder of Vanguard is a must read. To become a Guru, learn from the best[Strong] The book conveys messages simply and very hard hitting by recommending to go into trading by keeping costs Low and Investing long term. It's a bestseller book from a world renowned Guru- to become practical and sensible.