Almost forgot to answer your question - so redid this to put it at the top.
#1 - I'm retired - and have been for 21 years. My point? What else do I have to do? I can only play just so much.
#2 - Because I don't work - and my family is grown and gone - What else do I have to do?
#3 - I have SIX Saturdays and a Sunday. I know it's Sunday when the big paper comes.
#4 - I spend time reading and listening - and just generally paying attention because I LOVE IT. That does not equate to moving money around all the time - or trying to "game" the market. It's really quite the opposite of that! I can pay attention and spend time doing what I like because I've very secure in knowing what I own and not worrying about it. I'm an early riser -- so CNBC is my fav... and since I'm around all day every day - I can check what's up regularly between posting on Lat-G... LOL
#5 - Being totally serious here. My "money problems" are different than "most" - the sums are larger - and therefore the % of swing up and down begins to be a real number... and I'm not trying as much to grow into retirement as I am trying to raise my standard of living in retirement. Oh yeah - and make sure I can do so for the next 30 years 'cause I plan to live beyond 90.
It (money) truly is "all relative". I really shouldn't even post up figures like that... but I know everyone else finds it "interesting". I was trying to kind of make a couple points - one of which was pretty much directed at Lance.... that I don't worry about INCOME taxes -- because they're just a reflection of what I made. If you make a lot - and that should be the BIG GOAL - then you pay "a lot" -- but wouldn't you LOVE to be there!! That's the goal buddy! Right there! Making some money. Taxes schmaxes... I'm ECSTATIC that I have to pay some!
Glad you picked up some seed money! Now get out there and make it start to work for you!
Quote:
Originally Posted by protour73
I can't even wrap my head around that figure.
 
Greg, I don't post in here a lot, but I am a frequent lurker for knowledge, inspiration and ideas, but how much time do YOU spend tending to your portfolio?? It seems like a boatload of time & dedication.
I came into a sizeable (for me) windfall in the last week so I am ready to finally purchased some stock in 2014. Buy it, tend to it, let it sit and not watch it everyday (retirement stuff) so it doesn't drive me crazy.
Your input and others as well, has been a real inspiration, but also extremely helpful. Your unending motto, "Investing isn't complicated as long as you do your homework" has really kept me coming back here, time and time again. |