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| zerolikedis |
 Posted: Tue Dec 19, 2006 1:04 pm Post subject: State of Mind |
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Investing Manager
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It’s all a state of mind.
For me stocks aren’t that risky because the mind frame I am in. if I put 1000 dollars in and lose 15% its like I bought a pair of Jordan’s instead of putting that money in investments. I was the type to spend 500 every two months on shoes. Basically I feel if I do lose anything over the short term, it the same as frivolous spending that I used to do in a not so distant past. But on the other hand( worst case in this scenario )850 is better than not saving at all. More likely the case is that ill make about 9% on my investment(1000). The point and method I’ve planned to use is not to be afraid to lose for a while. I constantly add to my account. If I lose a little (or even a lot not more than 50%) the money that is left is still much better than the money that has been spent on clothes that I don’t wear or play with anymore,
so basically , right now I have 70% of money I am too scared to lose in a cd getting 5.75% and I contribute 400 a month to my 401k . So when ever I get extra money from my wife (when she actually pays her half of the bills the money that I usually have to pay to cover our bills) I put it in my roth and individual stock accounts.
so I guess this is the concept for what I do for/on my monthly income budget
i have my retirement budget covered (20% ) savings covered(20%) and the bills & food (40%) covered
and the 20% I usually waste is still being used for my enjoyment ,but in a way to possibly make 15% on that money.
Ill be 25 on Jan 6 . so when am 35 I guess I will go back to spending that 20% on bad investments like clothes I don’t need and a fancier car!! Or maybe not. Because I really do have more fun picking stocks and watching my money grow as opposed to spending that money on bottles at a club.( not every month that 20% goes to add to my stock accounts ie. Trips to DC for me, Jamaica both, Sansa e260 for me, casio Z70 for wife in four months of past year)
Well I don’t really blog so I posted this here so hopefully this might convince people to start allocating a few more dollars to saving than they do already; but it’s understandable if they don’t get the same enjoyment that I do from saving an extra 20 %. So they wont save that 20% that’s meant as play money. Some people get enjoyment from cheating on their wives but I don’t think I would, so I don’t. it goes without saying that everyone is different and to each is own . just sharing my opinion on the stock market (losses)
Feel Free to add your thoughts on how you percieve the stock market and why you should or shouldn't put your money in it and why.
i know thoughts are all over the place but hey  |
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| frusnak |
| Posted: Tue Dec 19, 2006 2:26 pm Post subject: |
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CFO
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Good way to look at investing. Very similar to the way I look at investing. If you can not stand to risk losing some money you should not invest in individual stocks.  |
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