Ready-4-ER-at-14
Full time employment: Posting here.
I've run the retirement numbers, massaged them, met them and have several different types of income streams going. So life is good and investing has been good to us.
It has been fun to learn about all the different types of investments and humbling to find a little learning curve with each of them. Fortunately there is some overlap in thinking with many of them.
Although I am doing it, I am finding it hard to give up more and more control over the day to day stuff by increasing the index holdings and even planning to turn over about 8% to a long term family proven broker who has been blowing my yields out of the water without churning the holdings or over committing to a tiny handful of holdings.
I am trying to decide if the fun i get from the stock market is a somewhat controlled gambling addiction or just a diversion and a chance to feel some usefulness and enhanced self worth after the empty nest plus kill some hours when I had nothing more significant to do.
I have gambled in Vegas and on cruises, and had a betting strategy but I had set limits to lose daily and always held some of the winnings aiming to buy a few meals and a show rather than to break the casino. I always did roulette knowing if I won it was just luck as the odds were against me. Back when chips were 25 cents i'd do $100 per day. Lost interest when it went to $1 a chip as it seemed i'd tap out before getting a small winning run.
Investing or gambling in the stock market seemed that the odds were with me especially if I went longer term and measured net worth only in depreciating dollars.
I did a search for stock market addiction here and found no previous thread pop up so wondered if anyone else has pondered on this?
I will probably always do some direct trading and investing just to keep my mind sharper than a blunt crayon and give me a topic to chat about with my buddies.
My social life has not totally returned pre corvid days yet as some of the social venues closed forever and others have not fully opened yet to what I did there. So maybe I am just a little bored and anxious about filling time as the planned travel is not going per expectations.
It has been fun to learn about all the different types of investments and humbling to find a little learning curve with each of them. Fortunately there is some overlap in thinking with many of them.
Although I am doing it, I am finding it hard to give up more and more control over the day to day stuff by increasing the index holdings and even planning to turn over about 8% to a long term family proven broker who has been blowing my yields out of the water without churning the holdings or over committing to a tiny handful of holdings.
I am trying to decide if the fun i get from the stock market is a somewhat controlled gambling addiction or just a diversion and a chance to feel some usefulness and enhanced self worth after the empty nest plus kill some hours when I had nothing more significant to do.
I have gambled in Vegas and on cruises, and had a betting strategy but I had set limits to lose daily and always held some of the winnings aiming to buy a few meals and a show rather than to break the casino. I always did roulette knowing if I won it was just luck as the odds were against me. Back when chips were 25 cents i'd do $100 per day. Lost interest when it went to $1 a chip as it seemed i'd tap out before getting a small winning run.
Investing or gambling in the stock market seemed that the odds were with me especially if I went longer term and measured net worth only in depreciating dollars.
I did a search for stock market addiction here and found no previous thread pop up so wondered if anyone else has pondered on this?
I will probably always do some direct trading and investing just to keep my mind sharper than a blunt crayon and give me a topic to chat about with my buddies.
My social life has not totally returned pre corvid days yet as some of the social venues closed forever and others have not fully opened yet to what I did there. So maybe I am just a little bored and anxious about filling time as the planned travel is not going per expectations.