I understand the pain of keeping up with being an active investor, and I trade less every year.I can't say that I was any where near as avid with my study/reading/listening as you but I spent a lot of time with it the past few years. However, I got tired of it absorbing all my free time along with the fear that I might MISS SOMETHING! I became more of a Bogglehead and, just recently, paid a fee only advisor to provide me with an asset allocation plan which turned out to be very conservative (we're nearing retirement). Most of what she was recommending were index funds so I would have been pretty close on my own but I don't have to bear the total responsibility now of how things play out. I would rather do other things with my life but am very interested in making sure we can afford the rest of our lives! If that's how you like spending your days, ENJOY and best of luck!
But one of the benefits of the knowledge gained by reading books on the principles (not the CNBC "latest news") is the confidence to stick with an asset allocation plan through recessions. It's not exactly a talisman, but it gives me a distraction when my itchy trigger finger is hovering over the "Buy" or "Sell" buttons.
Nah, usually it kicks in after the hundredth time that a newbie tells you how it's gonna be... like walking into a church service or the library reading room and shouting "Listen up!"I said we interpreted it differently. Yes, I have only a few posts. So tell me, when does the paranoia kick in? 1000?
I could be wrong. Naniamo could be the greatest thing for this board since Dory started it. But 99 predecessors (who are no longer with us) have tended to make me skeptical that this is "the one". Especially when one of their vast wells of wisdom is CNBC.
Most people see a discussion board as a research asset, not an audience.