Understanding and containing the chance of losing money in investing is a full time job. The markets remind us of that practically every day.
So, how much ever homework you do, some of your investments are bound to fail…or will fail.
You shudder when the thought of losing money springs up — something you just don’t want to think about.
However, if you don’t know what’s really worrying you big time, how would you work out a solution to contain that worry?
You need to know what is that big worry with respect to your money that keeps you awake at night. And writing it out is a great way to start working up a solution to the same.
Maybe you are worried if your savings will last through your retirement.