FYI: If I ask you in a questionnaire whether you are afraid of snakes, you might say no. If I throw a live snake in your lap and then ask if you’re afraid of snakes, you’ll probably say yes—if you ever talk to me again.
Investing is like that: On a bland, hypothetical quiz, it’s easy to say you’d buy more stocks if the market fell 10%, 20% or more. In a real market crash, it’s a lot harder to step up and buy when every stock price is turning blood-red, pundits are shrieking about Armageddon and your family is begging you not to throw more money into the flames. Then risk is no longer a notion; it’s an emotion.
Regards,
Ted
https://www.wsj.com/articles/knowing-if-you-can-stomach-the-next-big-market-swing-11567782137?mod=searchresults&page=1&pos=1
