Chapter 12 · Mission 8 · a surprise period
Putting it all together
In the final exam you don't know the year. That's how real investing feels: you never know what comes next.
Goes with Mission 8: Final exam, blindfolded.
The idea
In short
- 1In the final exam you don't know the year. That's how real investing feels: you never know what comes next.
- 2Use everything: a diversified mix you can live with, low costs, few trades (costs and taxes), rebalancing, and no panic selling.
- 3The test of success isn't beating the best plan with hindsight; it's ending well ahead of inflation with a fall you could stand.
- 4Checklist before each decision: Is this in my plan? What does it cost (fees, spread, tax)? Am I reacting to fear or to a plan?
Practice, not scored
Quiz
1. You don't know the year. What mix makes sense for 10 years of unknown history?
2. A scary headline arrives. What's the first question to ask yourself?