Danger recognized, danger averted!

This saying is probably an advertisement from the 1970s.

Now that inflation is about to reach the heights it was then, it somehow seems obvious.

Now it is the case that advertising slogans only ever contain half the truth.

Because whoever sees the hole in the road but then moves on will still fall into it.

Nevertheless: You can only banish the danger that is also recognized, whether it is a hole in the road or in your own depot.

It is not important to measure the length, width and depth of the hole exactly.

It's enough to take a look at it and say to yourself: I can go through with it.

Or to ask yourself: How can I get around it as unscathed as possible?

When looking at one's own portfolio, the subjective expectation is ultimately more important than a quantified objective probability, which in the end only gives a false sense of security.

In the end, you have to face up to your own worries.

The first thing to do is to be aware of the risks of the portfolio.

Risk researchers also say that those who know their risks relatively well sleep better.

If you can't sleep well with it, you should act for your own sake.

The worst thing is to panic or become rigid out of insecurity.

Then you run the risk of being eaten by the snake like the proverbial rabbit - or falling into that hole you didn't see while trying to escape.