Uncle8888 started serious investing on Jan 2000 and after 22 years of days and nights watching financial news and actively monitoring his portfolio; his investment performance is rather flat across market cycles!
Read? Mind Flip (5)
How come?
Never pay for investment training courses to turn $100K to $1M?
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Hi Uncle8888,
ReplyDeleteFor this story, the important thing is the ending, not the journey! 😉
As long as you've got your family nest eggs all set up comfortably, who cares if didn't 20X or 30X your principal amount?
As proven time again & again by research and by observations of actual people, most cannot be "super investors" or traders, because the skills & mentality required are opposite to human survival over the past million years.
i.e. the skills & mentality for successful investing will get you killed really fast in the real world as recent as 100 yrs ago (and even today in some 3rd world countries).
Otoh, the skills & mentality passed down by DNA & survivorship over the past 1 million years tends to lose you money in stock & derivatives markets.
Ok, if really wanna 20/20 hindsight your portfolio, there were 2 factors that played a part:
1) converting a large chunk of it back to cash-like assets from 2012/2013 onwards.
2) home-country bias, which was great in the 2000s but sucked in the 2010s. US one would be mediocre in 2000s but great in 2010s. Global one would be average throughout lol.
Both actions though, stemmed from safety bias that served to preserve humans for a million years.
And as long as reach the destination, who cares right? 😁
:-)
DeleteInvesting is hard. Started in 1990 and still learning as things evolved.
ReplyDelete