How to be a smart investor?

March 21, 2020

Introduction

It is learning process to be an investor. Am I smart this year in first three months of 2020? Of course not, I was greedy not to sell the profit in February, and also I did not time the market, continued to sell $10,000 US dollars in lowest market to get Canadian dollars, and then put in market highest point in Feb. 6, 2020.

How to be a smart investor?

Here are highlights:

1. Doing good research about bull market, do not be greedy in bull market;
2. Be a good person in your community; adjust my focus on health and other important things in life first;
3. Do not be panic, understand emotions when market swings and circuit break, bond market swings also;
4. Short term pain and market swing is not risk; take it easy;
5. Be honest and learn; Share my sufferings in my market value, share my experience;
6. It is hard to be investor, when I have to experience job loss, all kinds of challenges together; 
7. Sort the priority; working hard is most important, learn more before investing in the dips;
8. Rebalance and asset allocation is important and I have to continue to learn;
9. Make friends, do not make new enemies.
10. Understand that it is best time to take two weeks vacation in market crashes.
11. Go back to learn from bible teaching