Investing 102

[GregWeld]

Originally Posted by WSSix

The mental part has always been my struggle, Jose. I overthink things too often. I finally got to the point a while ago that I decided to not overthink my purchases and just do it almost mechanically every month. I pay attention to why I own a company more than its current share price.

That's a winning strategy!

The investing game - regardless of what you choose to invest in - is mostly all mental. Those that bought houses when nobody wanted them - have made a killing now. Those that buy the market when it looks terrible... make the biggest gains. It's the exact opposite of buy high and sell low. Most people only invest in something when it's all sunny and roses. Then they panic and sell when it drops. Those people NEVER win.

[CRCRFT78]

Overthinking is also my problem. After not paying attention to this thread for over a year I read it to the end and am now motivated again. I also bought 100 shares of KMI today bringing my Total Gain/Loss down to -6.11% from -28.34%.

[GregWeld]

Originally Posted by CRCRFT78

Overthinking is also my problem. After not paying attention to this thread for over a year I read it to the end and am now motivated again. I also bought 100 shares of KMI today bringing my Total Gain/Loss down to -6.11% from -28.34%.

Okay -- now -- remember that is 6% of a much larger number.... but now you need to be on your game and when you feel it's time - bail on the old shares.

Remember - and this goes for everyone... You have to look at your money as a total pot --- some winners -- some losers -- variable all the time - up and down... but you have to look at the pot as a whole! If you're UP overall == and that percentage is good - then that allows you to gain some confidence -- and the longer you're invested -- the bigger that pot grows... so much so that eventually you're almost immune to down markets. Hope that makes sense.