If your answer is โ๐๐๐กโ๐๐๐, ๐๐๐๐๐๐ฆ.โOkay, so why try so hard to earn lots more money? If your answer is โ๐ผ ๐ ๐๐๐๐ ๐๐ก.โOkay, so once you make money, hanging on to money is just as hard as making it. Youโฆ
Have you ever sold a stock too soon or passed up an opportunity that went on to experience explosive growth? I did. I bought Tesla stocks back in April 2013 at USD50. Fast ride up. Held them till June 2013โฆ
This one was a big problem for me in the past โฆ That tiny graph shows that no matter where our current salary is ๐ฒ๐๐ฒ๐ฟ๐๐ฏ๐ผ๐ฑ๐ ๐๐ฎ๐ป๐๐ ๐ฎ ๐๐ถ๐ป๐ ๐ฏ๐ถ๐ ๐บ๐ผ๐ฟ๐ฒ ๐๐ต๐ฎ๐ป ๐๐ต๐ฒ๐ ๐ต๐ฎ๐๐ฒ ๐๐ผ ๐ณ๐ฒ๐ฒ๐น ๐ต๐ฎ๐ฝ๐ฝ๐/๐น๐ฒ๐๐ ๐๐๐ฟ๐ฒ๐๐๐ฒ๐ฑ. We donโt realizeโฆ
๐ช๐ต๐ผ ๐ถ๐ ๐๐ถ๐๐ต ๐บ๐ฒ?ย ๐โโ๏ธ I choose to believe that the future will be better than the past. We live in a world where far more people wake up in the morning, trying to make the world a better place thanโฆ
โ๐๐ค๐ง ๐๐ซ๐๐ง๐ฎ ๐จ๐ช๐๐จ๐ฉ๐๐ฃ๐๐, ๐จ๐ข๐๐ก๐ก ๐๐ค๐จ๐๐จ ๐จ๐ฉ๐๐ข๐ช๐ก๐๐ฉ๐, ๐ข๐ค๐๐๐ง๐๐ฉ๐ ๐๐ค๐จ๐๐จ ๐๐ฃ๐๐๐๐๐ฉ, ๐ก๐๐ง๐๐ ๐๐ค๐จ๐๐จ ๐ ๐๐ก๐ก.โ – ๐ผ๐ง๐ฃ๐๐ฉโ๐๐๐๐ช๐ก๐ฏ ๐ง๐ช๐ก๐ (๐ฅ๐๐๐ง๐ข๐๐๐ค๐ก๐ค๐๐ฎ) Itโs a loose rule, not a law, but it applies to so many things: Debt, ambition, networking, exercise, caution, & money. ๐ ๐น๐ผ๐ ๐ผ๐ณโฆ
๐ฃ๐ฟ๐ฒ๐บ๐ถ๐๐ฒ ๐ญ: ๐๐ป๐๐ฒ๐๐๐ถ๐ป๐ด ๐ถ๐ ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐น๐ผ๐ป๐ด ๐๐ฒ๐ฟ๐บ.๐ฃ๐ฟ๐ฒ๐บ๐ถ๐๐ฒ ๐ฎ: ๐ฆ๐๐ฟ๐๐ถ๐๐ฎ๐น ๐ถ๐ ๐ฎ๐ป ๐๐ป๐ฑ๐ฒ๐ฟ๐ฟ๐ฎ๐๐ฒ๐ฑ ๐พ๐๐ฎ๐น๐ถ๐๐ ๐ณ๐ผ๐ฟ ๐๐๐ฐ๐ฐ๐ฒ๐๐. The good news about the recent market turmoils is that Index Funds donโt have an ego. โ They wonโt commit fraud against you orโฆ
๐ง๐ต๐ฒ ๐บ๐ผ๐๐ ๐ถ๐บ๐ฝ๐ผ๐ฟ๐๐ฎ๐ป๐ ๐ฟ๐ฒ๐๐๐ฟ๐ป๐ ๐ถ๐ป ๐น๐ถ๐ณ๐ฒ ๐ฐ๐ผ๐บ๐ฒ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ ๐ฐ๐ผ๐บ๐ฝ๐ผ๐๐ป๐ฑ๐ฒ๐ฑ ๐ฒ๐ณ๐ณ๐ฒ๐ฐ๐๐ ๐ผ๐ณ ๐ผ๐๐ฟ ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐๐ ๐ผ๐๐ฒ๐ฟ ๐๐ถ๐บ๐ฒ, ๐๐ต๐ฒ๐๐ต๐ฒ๐ฟ ๐ถ๐ป ๐ผ๐๐ฟ ๐ฐ๐ฎ๐ฟ๐ฒ๐ฒ๐ฟ๐, ๐ต๐ผ๐ฏ๐ฏ๐ถ๐ฒ๐, ๐ฟ๐ฒ๐น๐ฎ๐๐ถ๐ผ๐ป๐๐ต๐ถ๐ฝ๐, ๐ผ๐ฟ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ๐.ย Isn’t one of our motivators to work the money we get for itโThen let’s also haveโฆ
Especially not when making investment decisions. Uptrends are slow and methodical.ย Gains donโt come in big chunks but rather a stairstep process.ย Uptrends almost lull us investors to sleep because there isnโt much going on in terms of volatility. Downtrends, onโฆ
๐ง๐ต๐ฒ๐ฟ๐ฒ ๐ฎ๐ฟ๐ฒ ๐ฝ๐ฒ๐ผ๐ฝ๐น๐ฒ ๐ผ๐๐ ๐๐ต๐ฒ๐ฟ๐ฒ ๐๐ต๐ผ ๐๐ฎ๐ป๐ ๐๐ผ ๐ฏ๐ฒ ๐ฟ๐ถ๐ฐ๐ต – ๐๐ถ๐๐ต๐ผ๐๐ ๐๐ต๐ฒ ๐ฟ๐ถ๐๐ธ, ๐๐ต๐ฒ ๐๐ฎ๐ฐ๐ฟ๐ถ๐ณ๐ถ๐ฐ๐ฒ, ๐ผ๐ฟ ๐๐ต๐ฒ ๐ฑ๐ฒ๐น๐ฎ๐๐ฒ๐ฑ ๐ด๐ฟ๐ฎ๐๐ถ๐ณ๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป ๐ป๐ฒ๐ฐ๐ฒ๐๐๐ฎ๐ฟ๐ ๐๐ผ ๐ฎ๐ฐ๐ฐ๐๐บ๐๐น๐ฎ๐๐ฒ ๐๐๐ฐ๐ต ๐๐ฒ๐ฎ๐น๐๐ต.
We should stop once weโve had enough.But what is โenoughโ for you?Would you recognize โenoughโ when you saw it? Have you written down your $$-amount that you consider enough? And how often has this $$-amount changed over the years? Doโฆ