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
๐ ๐๐ฆ ๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ, ๐ฐ๐ก๐๐ญ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐๐ ๐ญ๐ก๐ ๐ฆ๐จ๐ฌ๐ญ ๐ข๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐ข๐ง๐ & ๐ฎ๐ฌ๐๐๐ฎ๐ฅ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ฒ๐จ๐ง๐ ๐๐จ๐ฎ๐ฅ๐ ๐ ๐๐ญ ๐ญ๐ก๐๐ข๐ซ ๐ก๐๐ง๐๐ฌ ๐จ๐ง? Thought about it? Thought about it a bit more? For me, it would be ๐ค๐ง๐จ๐ฐ๐ข๐ง๐ ๐ก๐จ๐ฐ ๐ฆ๐ฎ๐๐ก ๐ญ๐ข๐ฆ๐ ๐ ๐ก๐๐ฏ๐ ๐ฅ๐๐๐ญ. Itโsโฆ
โ๐ป๐๐ ๐๐ช๐๐ช๐๐ ๐๐๐ข๐๐จ ๐ค๐๐ ๐ข๐๐ฃ๐๐ฉ๐ ๐๐ฉ ๐ ๐ฉ๐๐ข๐.โ It becomes clearer to me every year that seeing my portfolio hit a certain number doesnโt bring me nearly as much joy as spending money on experiences. Investing itself is a formโฆ
Because itโs kind of a tradition and because I have a 100% success rate with my previous stock market forecasts here we go again. But first, letโs ponder on this: Whatโs the significance of a year anyway? Itโs merely theโฆ
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
๐๐ผ๐๐น๐ฑ ๐ถ๐ ๐ฏ๐ฒ ๐๐ต๐ฎ๐ ๐๐ต๐ฒ ๐น๐ผ๐ป๐ด๐ฒ๐ฟ ๐๐ผ๐ ๐ฐ๐ฎ๐ป ๐ต๐ผ๐น๐ฑ ๐ผ๐ป๐๐ผ ๐๐ผ๐๐ฟ ๐บ๐ผ๐ป๐ฒ๐, ๐๐ต๐ฒ ๐ฏ๐ฒ๐๐๐ฒ๐ฟ ๐๐ผ๐๐ฟ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ผ๐๐๐ฐ๐ผ๐บ๐ฒ๐ ๐๐ถ๐น๐น ๐ฏ๐ฒ? โ The truth is, when you use money, you lose it โ forever.โ When you keep money, you keep it โโฆ
๐ช๐ต๐ถ๐ฐ๐ต ๐ผ๐ป๐ฒ ๐ถ๐ ๐ถ๐ ๐ณ๐ผ๐ฟ ๐๐ผ๐?Not decided yet? Think about the real reason many people spend their time striving to earn more money. … ๐ค โฆ ๐ค Could it be that they want to trade it for more time, notโฆ
… and that’s ok. No one has this stuff all figured out. Sometimes you have to make decisions in real-time with imperfect information. Sometimes your emotions get the best of you. Sometimes your financial situation is just the result ofโฆ
Tough markets out there right now. How are you coping? The journey towards building wealth starts with the battle between your ears. ๐ฆ๐๐ผ๐ฝ ๐๐ฝ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐๐ผ ๐บ๐๐ฐ๐ต ๐๐ถ๐บ๐ฒ ๐ถ๐ป ๐๐ผ๐๐ฟ ๐ต๐ฒ๐ฎ๐ฑ! Instead, increase your exposure to humility during markets like these.โฆ