Retail investor: If we get another 2022 I'm out. That year broke me.


Me: Walk me through what you did that year.
Retail investor: Watched Q drop over 35%, held as long as I could, sold near the bottom. Got back in way higher. Never again.
Me: So the market fell 35% & your reaction was to sell when it got cheaper & safer?
Retail investor: I know. That's what stings. I did...
Me: Here's my 2022. Same drop. I kept ratios in check. Only bought elite companies at good prices. Sold 1+ year portfolio secured puts. Took cash flow about bought more shares/some calls. Made 7 figures off that "panic"
Retail investor: Same year. Opposite outcomes.
Me: The difference wasn't intelligence. It was having a plan BEFORE the drop. You improvised in a panic. Nobody improvises well in a panic.
Retail investor: So the next 2022...
Me: Is already scheduled. Just a matter of time. Decide what you'll do now, while it's calm. Not at the bottom with your heart pounding.
2022 didn't break your portfolio... improvising did...
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