Dear Friends and Family,
I'm making my first re-entry into the stock market. We spent a bunch of months paying down the house, building up the emergency fund, etc. And, then, we spent a bunch of months sitting on cash because the market seemed like such a crazy place.
Why the change? I had a conversation with a friend yesterday. And, I'm not sure I agree 100% with everything he does. But, sometimes he says things that make sense. And, yesterday, it did. The concept is to invest in strong companies which bring a "buy high" implication which is counter-intuitive, until you think about it in a people context, where if you were investing in people, you invest in good performers, not in mediocrity.
So, I took a very "bold" move and decided to invest less than what some people spend on a new outfit. At the same time, I'll be entering in a stop sell later today which should theoretically further limit my losses.
We'll see. It won't make us wealthy, but it's something to continue looking at.
Cheers!
mouse
I'm making my first re-entry into the stock market. We spent a bunch of months paying down the house, building up the emergency fund, etc. And, then, we spent a bunch of months sitting on cash because the market seemed like such a crazy place.
Why the change? I had a conversation with a friend yesterday. And, I'm not sure I agree 100% with everything he does. But, sometimes he says things that make sense. And, yesterday, it did. The concept is to invest in strong companies which bring a "buy high" implication which is counter-intuitive, until you think about it in a people context, where if you were investing in people, you invest in good performers, not in mediocrity.
So, I took a very "bold" move and decided to invest less than what some people spend on a new outfit. At the same time, I'll be entering in a stop sell later today which should theoretically further limit my losses.
We'll see. It won't make us wealthy, but it's something to continue looking at.
Cheers!
mouse
Posts
No comments:
Post a Comment