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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (19596)8/28/1998 3:56:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
I have to be on my way to South for weekend- the life goes on whatever or wherever the markets heads but I will try to keep in touch with the thread. Ray and myself discuss the threshold level of taking equity pains in my opinion it is the level where your lifestyle and your children start getting affected, if this ever happens cut your exposure to the market but otherwise just look at these up and downs as another day, this is going to be another yeo yoe and be prepared for it but I assure you markets are only fun if you don't start thinking in terms of your profit thinning as actual wealth lost- Time is the biggest friends of long term investor- you ask me one thing that distinguishes Warren Buffet over others it is the time span he works on, enjoy your trades, limit your universe and get into RUT around these levels for a period of 2-3 years you will never go wrong. With love and gratitude.
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