MasterBlaster
Thinks s/he gets paid by the post
- Joined
- Jun 23, 2005
- Messages
- 4,391
In some circles RPG's are armor-piercing anti-tank weapons
I seem to go in cycles.
Does anyone else struggle with this?
I'm on the internet, often at this site, all day and night... usually until 3 in the morning.
Like practicing saying ... apple pie with that order sir ...or welcome to WalMart ...and a semi-retirement friendly skill that can earn a bit of $ if times get tough etc etc
As part of FIRE as a journey and not a destination, I think that we all go into different phases or steps.
One of the steps is to get comfortable with you ability to FIRE.
a) doing an inventory of what you have
b) doing an assessment of what you need
c) mapping the two
d) making any corrections
My problem is that I have about 35% of NW in a single stock. I obsess over it it, the rest of my index funds, bonds etc.don't matter. The really stupid part is that if I just sold it all and bought indexes FIRECALC puts my SWR at ~3.5%. No worrys. Yet I want the max from this one, check prices several times daily, ignore all other assets. Is there a 12 step program to sell it?
Geez kumquat, all this time, I thought you were one of the kool-aid drinking, buy and hold, indexers...My problem is that I have about 35% of NW in a single stock. I obsess over it it, the rest of my index funds, bonds etc.don't matter. The really stupid part is that if I just sold it all and bought indexes FIRECALC puts my SWR at ~3.5%. No worrys. Yet I want the max from this one, check prices several times daily, ignore all other assets. Is there a 12 step program to sell it?
A few months ago, I sold all of my last individual stocks (about 15% of my portfolio) and put it in DVY to keep my AA at 60/40 and provide a little income from dividends.IMO you plan for the general case and handle all else as exceptions. Depending upon the real possibilities of the exceptions happening, you either put additional (contingency) plans in place or you just 'chalk it up' to another bridge to cross if/when you get there.
Tracking a portfolio doesn't take much time. Considering re balancing not much more. Where the time really begins is when you have an idea to check out. Then it can take some serious time to analyze and investigate. Has the question been asked before? What are its implications on my planning? Should I make any changes? What other questions should I be asking? This is the fun part. It gives one something to think about.
Set up a plan to divest most of it over the next several years. Set up some price targets or do it by percentage each year or whatever.My problem is that I have about 35% of NW in a single stock. I obsess over it it, the rest of my index funds, bonds etc.don't matter. The really stupid part is that if I just sold it all and bought indexes FIRECALC puts my SWR at ~3.5%. No worrys. Yet I want the max from this one, check prices several times daily, ignore all other assets. Is there a 12 step program to sell it?
My problem is that I have about 35% of NW in a single stock. I obsess over it it, the rest of my index funds, bonds etc.don't matter. The really stupid part is that if I just sold it all and bought indexes FIRECALC puts my SWR at ~3.5%. No worrys. Yet I want the max from this one, check prices several times daily, ignore all other assets. Is there a 12 step program to sell it?
While it's great to be inspired by and learn from the devoted LBYMer's here, I am equally amazed at the obsessive posters who suffer as bad as Thefed, especially the younger ones. Wouldn't you rather take the obsessing time spent on this site or starring at financials and use it instead to enjoy your current life? Start a new hobby, get better at the ones you have. Seems like it would be smart to evolve activities you are as passionate about as achieving FIRE. They don't have to delay FIRE. Fate might not allow you to be around to enjoy FIRE anyway.
Tracking a portfolio doesn't take much time. Considering rebalancing not much more. Where the time really begins is when you have an idea to check out. Then it can take some serious time to analyze and investigate. Has the question been asked before? What are its implications on my planning? Should I make any changes? What other questions should I be asking?