Most young kids love to wear their parent's hat without realising that the hat is just TOO BIG and once they put on the cap, it will close up their face and they could not see anything. In fact, Pitfall 7 is a good chinese proverb which I often hear the old advising the younger generation when they feel that the action taken is too risky.
It's a nature that most people tend to be aggressive when they are confident in what they are doing. This include taking excessive risk without considering the exposure. If you invest beyond your risk tolerance level, you are likely not able to follow through the investment period and not able to go through the toughest period (when the market goes against you). If you invest within your risk tolerance level, you are likely to stay with it and reap the fruits of your labor.
Happy investing.....
No comments:
Post a Comment