Has your net worth suffered in the last year?
Did you lose equity in your SFR's?
Did you stock portfolio suffer with the latest crash?
Did you pay 400,000 for a house that is now only worth $200,000?
It is easy to get emotional about a paper loss such as this. Perhaps you can't imagine selling because you don't want to realize the financial hit. You may make the decision to "hold on" so that you can re-coop your money.
Unfortunately, making a decision based on the past - - based on what you bought it for - - - on what you HAVE ALREADY LOST will not bring you to the best decision for your future.
When you are trying to make an investment decision today - - -
Consider
These are things that will influence your outcome.
The past will not.
Did you lose equity in your SFR's?
Did you stock portfolio suffer with the latest crash?
Did you pay 400,000 for a house that is now only worth $200,000?
It is easy to get emotional about a paper loss such as this. Perhaps you can't imagine selling because you don't want to realize the financial hit. You may make the decision to "hold on" so that you can re-coop your money.
Unfortunately, making a decision based on the past - - based on what you bought it for - - - on what you HAVE ALREADY LOST will not bring you to the best decision for your future.
When you are trying to make an investment decision today - - -
Consider
- Your current situation
- Your future plan and goals
- The market environment, and where you expect that to go in the future
These are things that will influence your outcome.
The past will not.
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