I’m probably the wrong person to ask that haha. Ive been trough a few, you get thicker skin after a while. Ive held through 90% dips twice now (i know, i know, but glad i did)
Ive held Bitcoin since it was 18k, then down to 3 K until today. Instead of panic selling i “loaded the truck” at 3 k when everyone was telling me it’s going to zero.
i understand, and fair enough. Peoples situations are obviously different. If the markets went down 20 % I would go about my day as normal. Continue to live off my monthly income. Maybe cash out less than 4% of the investments that year, though not really necessary.
20-30% corrections are to be expected. And id rather weather that than risking substantial amounts in a single currency.
that is why you invest i a worldwide index fund. Not individual countries or companies. The risk is higher that a single currency currency hyperinflate than all world markets collapse at the same time 🤷🏻♂️
Besides markets typically rebound. Currencies typically don’t when they collapse.
Anyway, people can obviously do whatever they want. And personally I have a higher risk tolerance, so I don’t keep it all on a worldwide index fund.
Yeah I also did it easily in Bangkok with DTV and a medical certificate .
Just be aware that if you have to do something other than simple stuff you need to go back to the branch you opened the account with. And outside CM you are subject to the ATM withdrawal fee just like with a foreign card.