JoeWras
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Sep 18, 2012
- Messages
- 11,702
Anyone else have this problem?
So, you monitor your net worth. Perhaps you use mint or quicken. You log on and see your "delta" for the day.
Well, over the last few years, it has been very good news most days (if you are in equities). If you are managing your own accounts for retirement (versus an annuity or pension), you may see some pretty impressive gains some days, maybe even over $10k.
This sometimes causes me to have dangerous thoughts. You know: "Ah, I can afford that toy, I just made $10k last night!"
No, no, no! Stop it! This is a very dangerous way to think, but I have to admit it slips in every now and then.
Anyone else experience this?
Now, the good (bad?) news is that there is a remedy. Today is a good day for a remedy. My NW just dropped over $10k today. Ouch! I have to remember the negative side too.
I'm not a gambler... But I think this is a glimpse into how gamblers go off the deep end.
So, you monitor your net worth. Perhaps you use mint or quicken. You log on and see your "delta" for the day.
Well, over the last few years, it has been very good news most days (if you are in equities). If you are managing your own accounts for retirement (versus an annuity or pension), you may see some pretty impressive gains some days, maybe even over $10k.
This sometimes causes me to have dangerous thoughts. You know: "Ah, I can afford that toy, I just made $10k last night!"
No, no, no! Stop it! This is a very dangerous way to think, but I have to admit it slips in every now and then.
Anyone else experience this?
Now, the good (bad?) news is that there is a remedy. Today is a good day for a remedy. My NW just dropped over $10k today. Ouch! I have to remember the negative side too.
I'm not a gambler... But I think this is a glimpse into how gamblers go off the deep end.