- Always maintain a diversified portfolio
- The stock market goes up most of the time
- Occasionally it goes down
- Don't drink soda
- Diversification includes foreign stocks
- Diversification includes commodities
- Diversification includes alternative assets
- Don't make big bets in your portfolio
- No matter how sure you are of something you may be wrong
- Do for others and expect nothing back
- A lot of people you read or see interviewed understand a lot less than you think they do
- Adopt a dog
- Get a dog for your dog
- Supply and demand is very important
- Floss
- Always seek to learn more (this pertains to more than investing)
- Always maintain a diversified portfolio (I am aware this is a repeat)
- Think about bear markets before they happen
- Think about bull markets before they happen
- See the forest for the trees (this pertains to more than investing)
- Exercise often (this means cardio and stretching too)
- Heed the yield curve
- Live below your means
- Realize and understand the drawbacks of the investment products you use
- Realize and understand what your portfolio is vulnerable to
- Don't wish the week away to get to Friday (this means you need a new job)
- Gold usually goes up when something bad happens
- Bonds don't grow
- Always maintain a diversified portfolio (I am aware this is a threepeat)
- You will get some calls and picks wrong
- Seek to be wrong a little less often than you are right
- Keep investment themes very simple (oil up is good for Norway)
- This time is not different
- Own something that should go up if the market goes down
- Remember what happened in past cycles
- Volunteer
- Dogs need to be walked
- Take a risk every now and then (this can pertain to investing)
- Save a lot of money
- Make fun of yourself
- Have "get defensive" trigger point for your portfolio
- Know your tolerance for volatility
- Be a good friend
- Have fun
- Live below your means (I am aware this is a repeat)
Wikinvest Wire
Tuesday, July 08, 2008
Life Can Be Simple, If You Let It
At the end of yesterday's post I referenced a comment from a reader about how to live that I thought was great for its simplicity. Investing, and life, can be very simple if you let it. With that in mind and in no particular order...
Subscribe to:
Post Comments (Atom)
12 comments:
Good stuff Roger...I especially like "make fun of yourself"
we have a refrigerator "sticky"
that reads : "Blessed are they who can laugh at themselves for they shall never cease to be amused.
have a good day:-)
What fun! I'm reminded of the Desiderada poster that hung on my wall in college, next to the pyramid of beer cans.
I'm sure your readers will expand on your list. My addition would be to sleep well or, if you can, take a nap.
Good list, Roger. I would just add a plug for adopting Cats...They are great for retirees who travel since they don't have to be walked and they don't mind being left alone for a few days (with water, food, friendly neighbors, etc).
Also, I question your comment about "live below your means" ....but just for retirees. Why would I want to deny myself the pleasures I worked almost 30 years to afford and then die a "wealthy" man?
I don't advocate living above your means but I intend to monitor my assets and leave my kids just enough that they will smile when they think about me.
Question I was considering before you mentioned commodities in your list.
what would be the most diversified commodity ETF? DBC?
Diversification is good, but buy and hope does not make sense to me.
I am in cash and up 11.6% this year through trading markets at extremes. I wish I knew when the next short term bottom will come, which I am sure is your counter point (and a good one)
The S&P is down roughly 14%.
We are in a post 2000 stock market bubble ad are just getting rolling on a subsequent housing bubble (take a look at Japans experience).
With all due respect wealth preservation is more important than maintaining market exposure at times like these IMO.
BTW your handling of your portfolios seems a lot better than average to me and not easily duplicated by most of your readers. I do not think it is as easy as you state it to be for the average individual, although I do believe your blog is helpful none the less.
Have goals. They give life a sense of purpose.
Retired in Prescott, this is a philosphical thing borne from watching my parents not do well financially.
SD, the Rogers Commodity ETN would seem to me to be more diversifed. that may not mean better (no idea about that) but in terms of more diversified...
Interesting. I was aware of the index but not the ETN. It has more in energy than DJP (or maybe not until DJP rebalances), but OTOH it invests in many more commodities.
I always liked DJP and even held some until the whole financial mess turned me sour on ETN's (feel free to disregard my personal paranoia - lol).
Yeah, I worry about that with an ETN.
I really hope flossing is not necessary to live a full and complete life... if so I'm in trouble. I really hate flossing.
Post a Comment