"Twenty Ways To Tell If You're A Lousy Investor"

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mgullo
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Re: "Twenty Ways To Tell If You're A Lousy Investor"

Post by mgullo » Fri Dec 16, 2016 12:56 pm

Taylor Larimore wrote:Bogleheads:

George Sisti, editor of Vectors, is the author of one of the few e-mail publications I read. I hope you don't recognize yourself in this list:

TWENTY WAYS TO TELL IF YOU'RE A LOUSY INVESTOR

 You look at your portfolio more often than you wash your car.........

But....I don't own a car.... :confused
Aim above morality. Be not simply good, be good for something. | -Thoreau

Gropes & Ray
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Re: "Twenty Ways To Tell If You're A Lousy Investor"

Post by Gropes & Ray » Fri Dec 16, 2016 1:18 pm

I don't wash my car.

Gropes & Ray
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Re: "Twenty Ways To Tell If You're A Lousy Investor"

Post by Gropes & Ray » Fri Dec 16, 2016 1:19 pm

carguyny wrote:Buffet's guilty as well, so it is probably better to be a lousy investor than not. Really just written as a broad list by a financial planner to market for new clients.
I think any investor has to respect Warren Buffet, but I wouldn't try to follow in his footsteps. It is precisely because his career has been so incredibly improbable that people respect him.

SGM
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Re: "Twenty Ways To Tell If You're A Lousy Investor"

Post by SGM » Fri Dec 16, 2016 11:04 pm

I have been very positive in bad times when I was accumulating assets. I got more shares every paycheck when the market was down.

I have to drive on a lot of dirt roads. My vehicle gets washed when it rains. I necessarily look at my portfolio more often than I wash my vehicle but usually only if the market is up.

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Taylor Larimore
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Re: "Twenty Ways To Tell If You're A Lousy Investor"

Post by Taylor Larimore » Fri Dec 16, 2016 11:36 pm

mgullo wrote:
TWENTY WAYS TO TELL IF YOU'RE A LOUSY INVESTOR

 You look at your portfolio more often than you wash your car.........


But....I don't own a car.... :confused
If you had avoided the "Twenty Ways" you could afford a car. :wink:

Laugh and have a Happy Holiday!

Taylor
"Simplicity is the master key to financial success." -- Jack Bogle

Grt2bOutdoors
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Re: "Twenty Ways To Tell If You're A Lousy Investor"

Post by Grt2bOutdoors » Sat Dec 17, 2016 7:50 am

Taylor Larimore wrote:
mgullo wrote:
TWENTY WAYS TO TELL IF YOU'RE A LOUSY INVESTOR

 You look at your portfolio more often than you wash your car.........


But....I don't own a car.... :confused
If you had avoided the "Twenty Ways" you could afford a car. :wink:

Laugh and have a Happy Holiday!

Taylor
+1. This is the best post on the thread!
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

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Portfolio7
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Re: "Twenty Ways To Tell If You're A Lousy Investor"

Post by Portfolio7 » Mon Dec 19, 2016 1:32 am

[quote="Dulocracy"] You look at your portfolio more often than you wash your car.
Guilty. I do this, however, to learn. Oddly, it helps me to stay the course to look. It confirms that my portfolio is doing what it is supposed to do. I like downturns, as I am buying cheap. Looking helps me, as I am looking primarily at how I am receiving more shares for the dollar than I was before.

 You talk about investing like it's something exciting; using smart sounding words that you probably can't define.
I get really excited about boring investing. My friends are likely tired of hearing about it. I do use smart sounding words like "index" and "diversification," but I can define them.

+

Exactly! I love watching how the numbers shift... one is up, another down, watch what happens, learn how the market behaves. It's fascinating stuff! I love talking investing also, but few people do. They want to talk stocks if anything, and I'm into index funds.
"An investment in knowledge pays the best interest" - Benjamin Franklin

Quark
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Re: "Twenty Ways To Tell If You're A Lousy Investor"

Post by Quark » Mon Dec 19, 2016 7:26 am

carguyny wrote:Buffet's guilty as well, so it is probably better to be a lousy investor than not. Really just written as a broad list by a financial planner to market for new clients.
Active investing is essentially a zero sum game - that some people beat the market means that others do worse. I'd rather not try to compete with Warren Buffett.

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