I’m 60 years old and retired from JPMorgan. My monthly income is $105,000.
Unwritten rule for the stock market:
1. If the price drops 10%, just hold.
2. If the price drops 20%, add 10%.
3. If the price drops 30%, add 20%.
4. If the price drops 40%, add 30%.
5. If the price drops 50%, add 50%.
6. If the price rises 10%, just hold.
7. If the price rises 20%, still hold.
8. If the price rises 30%, sell 10%.
9. If the price rises 40%, sell 20%.
10. If the price rises 50%, sell 30%.
11. If the price rises 60%, sell 40%.
12. If the price rises 100%, sell everything.
Don't forget to save it to look back on later…
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