When I started investing a long time ago, I was in university, the internet existed but it was not so widely used as today, and I guess that when I bought into that saving account at my Barclays bank I made my first decision not to worry too much about the investment procedures and daily management and let the interest compound and do its work.
Eventually I moved onto Bonds, when it was still half profitable to have them, and after a minor spell of assisted investments (all of which unfortunately ended up being not profitable at all), I started taking care of my own finances as best as I could.
Initially the essence of my strategy was to try to have as much time as possible, investing in “lazy portfolios”, and then I stumbled upon dividend oriented investing, on top of which I am adding now an hefty trading from options.
I am writing from an hotel room in Minsk, the weather outside is bitter (and I am being nice), and I have been spending a good 2 hours to figure out why in the world the accounts that I have with my broker do not match the same accounts that I keep in my Sheets file… Eventually I figured out that it’s down to rounding, but I have lost a lot of time to get those 84 cents of a dollar to come up from the various reports, only to call the search off and manually updating my accounts to reflect this difference.
So much for the not time consuming investments!!
But I did miss “time” during last week! As I am busy working and cannot be in front of a computer, I could not trade actively and I have taken quite an hefty hit in November from an option play that I had lined up, I am not upset or anything (win some/loose some), but I keep asking myself: “what if I had time to trade that day, instead of being in Moscow running around clients?”.
Bottom line, I can see that my trading style is taking more efforts nowadays, maybe I am doing something wrong, maybe it’s just the beginning, who knows. Mrs.Stalflare always tells me that I seem to be doing this checking and stuff a lot and that it’s becoming like a second job to me…
Funny, a second job.
I am starting to have crazy ideas about stopping my current line of employment and dedicate myself completely to trading, but right now the money that I manage to make every year are not enough to cover for the loss of income that I’d have from not having my wage. I still feel that my skills are not up to scratch at all, but maybe it’s just me looking down on “me” as usual…
On the other side I’d have more time at hand, maybe I’d have a more enjoyable life, maybe I could spend time with my dad more, maybe I’d have more chances to train and be fit, maybe…
Oh, it’s time to go to eat now.
I am curious, How much do you devote to financial related matters during your week?