Basically, we get ride of the lousy counters, and try to keep the best ones. If we go home, deadbeat everyday, are we at our best, or our worst. I am not sure about you, but I definitely at my best when I am feeling tired. Yet, as I look at myself, most of the time I am so tired when I am home, then almost all conversation seem draining and uninteresting.
When I am at work, starting the day fresh, I might be able to joke with my colleagues, hold a good conversation as well. When your family is holding to the losses (The burnt-out/ fatigue you) almost everyday, how not to be affected? You look at your counters in red everyday, even if you have conviction you made the right call, you also feel sian right?
Find time and window to start and meet your family fresh and energetic
Diversification
Have a mistress? HAHAHA, just kiding. I am guilty of putting 80% of my energy at work. Even when I am at home, I am still working most of the time, marking, preparing lessons etc. The concentration of capital at only area is a high risk venture, as your experinces and identity became a your job designate.
In singapore, everyone already appreciate how competitive worklife is and how high cost of living is. I don't think any heartlanders will not understand long working hours and weekends that are also devoted to work. Yet, precisely becasue of that, I should have been more mindful of finding pockets of together time. When your family ask to make breakfast together, even if you rather sleep longer and call in, perhaps it is a good idea to lose that 1 hour or so more hour.
Make time for your friends and relative too. I find myself living like a hermit. I do have a few whatsgroup and friends at facebook, but I realise I do not really like meeting out with friends. This Covid19 bring up the hermit it me.
Understanding the business behind the counter, not just the price
We research on the company, try to understand the business, do business comparison, key in ratios, read annual reports and industry news. Yet, I don't apply the same rigour in planning for that birthday birthday or that special occasion.
Investing is not about having a "cost" mindset, but having a "growth" or "value" mind, perhaps I should stop counting that overseas trip or weekend meal with dollars and cents.
My relationship with stocks are girlfriends, mistresses and wives. Girlfriends and mistresses can change and let go; but wives to death we part. It is happy, sianz or sorrow! Sigh!
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Orh!! Why u sigh... Hahahahhah
ReplyDeleteDun be sianz la
Sillyinvestor,
ReplyDeleteWhat's the point of financial success or freedom when we have no one to share it with?
I like the middle path concept.
Don't be overly miserly; don't be overly spendthrift.
When need to spend, spend.
When need to save, save.
When opportunity comes, jump on!
Hmm by any standard, my saving rate is a spenddrift?
DeleteBy my own standards, I doing fine and can live with it, that's good enough, and good enough, by my standard too.
I didn't impose on others .. so I can keep to myself. I guess
Bro, I think it is time you stop looking at your stocks! You should go out more and meet people.
ReplyDeleteDevote time on your work is good, but it cannot be an excuse or at intentionally at the expense of something.
Your work is meaningful. If the more time you commit, it means helping one more kids, it is all worth it. If it is just admin, then forget about it.
Focus on the living, not on the dead!
Hi Rolf,
ReplyDeleteActually I think I have been looking lesser and lesser on counters price as compared to last year's. But I do like to read the various reports of businesses etc
Yes. Live for the alive, respect the dead
Hi,
ReplyDeleteInvestment is akin to buying and wait for the dividend with the strategy of spreading the eggs to as many baskets. It gives one the peace of mind and leave one time to work on things of his/her interests.
WTK
Hi WTK, thanks for sharing.
DeleteI would say the investment world change my perspective on a lot of things. Is really quite fun and interesting.
Making money out of it is really the icing on the cake only
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