What is your investment strength?

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tennisplyr
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What is your investment strength?

Post by tennisplyr » Sun Mar 04, 2018 8:08 am

As individuals we no doubt have strengths and weaknesses. As it relates to investing, what do you feel is your particular personal strength or strong point...what has made you successful?
Those who move forward with a happy spirit will find that things always work out.

smitcat
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Re: What is your investment strength?

Post by smitcat » Sun Mar 04, 2018 8:20 am

tennisplyr wrote:
Sun Mar 04, 2018 8:08 am
As individuals we no doubt have strengths and weaknesses. As it relates to investing, what do you feel is your particular personal strength or strong point...what has made you successful?
Many weaknesses, too many to think about.
Strength was never to be like the "Joneses".

moneywise3
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Re: What is your investment strength?

Post by moneywise3 » Sun Mar 04, 2018 8:30 am

Trust in the process

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Tycoon
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Re: What is your investment strength?

Post by Tycoon » Sun Mar 04, 2018 8:31 am

Patience and the ability to reason.
...I might be just beginning | I might be near the end. Enya | | C'est la vie

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tennisplyr
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Re: What is your investment strength?

Post by tennisplyr » Sun Mar 04, 2018 8:38 am

Tycoon wrote:
Sun Mar 04, 2018 8:31 am
Patience and the ability to reason.
+1
Those who move forward with a happy spirit will find that things always work out.

TwstdSista
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Re: What is your investment strength?

Post by TwstdSista » Sun Mar 04, 2018 8:41 am

Not seeing retirement funds as "real money". I've been known to panic about our day to day living expenses. But those retirement funds? Meh. Whatever. Didn't change a thing in 2008, although I certainly noticed the decline in our net worth every month. I'm perfect for set-it-and-forget-it.

Although now I have an IPS and I know to rebalance when I hit my bands. So I'd survive another 2008 even better!

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midareff
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Re: What is your investment strength?

Post by midareff » Sun Mar 04, 2018 8:44 am

tennisplyr wrote:
Sun Mar 04, 2018 8:38 am
Tycoon wrote:
Sun Mar 04, 2018 8:31 am
Patience and the ability to reason.
+1
+1 and plan. When you retire your retirement portfolio may e set up quite differently than your while working and accumulating portfolio. Funds availability will change, Investment Houses like Vanguard and Fidelity, etc., may become available and funds may need to be transitioned away from higher cost providers to your permanent portfolio. If you can look down the road and see how to best do this in later years .. planning is a great strength and then the emotional wherewithal to just leave it be.

abner kravitz
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Re: What is your investment strength?

Post by abner kravitz » Sun Mar 04, 2018 8:44 am

A high savings rate, which covered some of the weaknesses.

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blueblock
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Re: What is your investment strength?

Post by blueblock » Sun Mar 04, 2018 8:44 am

Staying the course; not being fearful and/or tempted to make changes based on what the markets are doing.

BogleMelon
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Re: What is your investment strength?

Post by BogleMelon » Sun Mar 04, 2018 8:45 am

Weaknesses: Starting late in the game (new comer to US, so not really my fault)
Strength: My budgeting system. Allows me to confidently take high risk with retirement funds, while sleep well at night, since I have enough cash for short and medium term goals..
"One of the funny things about stock market, every time one is buying another is selling, and both think they are astute" - William Feather

Dandy
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Re: What is your investment strength?

Post by Dandy » Sun Mar 04, 2018 9:15 am

high savings rate in the accumulation phase and not being "greedy"

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jimmyq
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Re: What is your investment strength?

Post by jimmyq » Sun Mar 04, 2018 9:18 am

Strength = Anal retentive expense tracking
Weakness = Anal retentive expense tracking

lazyday
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Re: What is your investment strength?

Post by lazyday » Sun Mar 04, 2018 9:25 am

Not very susceptible to mania and panic.

So far it's worked well, but maybe someday I'll take too much risk in a bear market. Or already have and just got lucky.

Bmac
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Re: What is your investment strength?

Post by Bmac » Sun Mar 04, 2018 9:28 am

Ability to delay gratification

rixer
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Re: What is your investment strength?

Post by rixer » Sun Mar 04, 2018 9:34 am

My strength is accepting what I'll get from a balanced fund and not stressing over market conditions as much.

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Top99%
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Re: What is your investment strength?

Post by Top99% » Sun Mar 04, 2018 9:44 am

Lack of emotion when it comes to investing. I trust data.
Adapt or perish

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Doom&Gloom
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Re: What is your investment strength?

Post by Doom&Gloom » Sun Mar 04, 2018 9:52 am

Like Dirty Harry says: knowing my limitations.

thangngo
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Re: What is your investment strength?

Post by thangngo » Sun Mar 04, 2018 10:20 am

tennisplyr wrote:
Sun Mar 04, 2018 8:08 am
As individuals we no doubt have strengths and weaknesses. As it relates to investing, what do you feel is your particular personal strength or strong point...what has made you successful?
Things that I think I've been doing well:

1) Think long term and have an appropriate level of expectation on long-term growth.

2) Save a lot and use automatic contribution at each pay period. Then, whatever left after monthly expense will go to savings.

3) Using budget & cash flow management, I haven't withdrawn from my portfolio during accumulation phase.

4) Allow myself to do only two things to my portfolio: rebalancing and TLH.

jebmke
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Re: What is your investment strength?

Post by jebmke » Sun Mar 04, 2018 10:25 am

Laziness. I rarely do any transacting. I look at the account once or twice a month to make sure nothing funky happened. I have simplified the allocation so I can reasonably estimate the balance in my head if I know what happened in the market during the day. I can manually enter all the tax forms into H&R Block in about 30 minutes.
When you discover that you are riding a dead horse, the best strategy is to dismount.

investorpeter
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Re: What is your investment strength?

Post by investorpeter » Sun Mar 04, 2018 10:26 am

Very long term horizons without pressure to do anything in response to events with short-term effects.

Dottie57
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Re: What is your investment strength?

Post by Dottie57 » Sun Mar 04, 2018 11:26 am

Always put money automatically in 401k.

Live below means.

3funder
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Re: What is your investment strength?

Post by 3funder » Sun Mar 04, 2018 1:06 pm

I love socking away as much money as possible, as I hate buying "stuff" -- my wife thinks I've taken it to the extreme, although I can assure you I haven't.

KlangFool
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Re: What is your investment strength?

Post by KlangFool » Sun Mar 04, 2018 1:25 pm

OP,

1) Strength -> Save 1 year of expense every year. Do it long enough, it will work out.

2) That alone account for all my success. That helps me recover from my 50% loss 10+ years ago.

3) Humility -> I know that I am not that smart. So, I keep myself away from anything that I cannot understand fully. Unfortunately, it took a 50% loss for me to learn that lesson.

KlangFool

retiringwhen
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Re: What is your investment strength?

Post by retiringwhen » Sun Mar 04, 2018 1:43 pm

3funder wrote:
Sun Mar 04, 2018 1:06 pm
I love socking away as much money as possible, as I hate buying "stuff" -- my wife thinks I've taken it to the extreme, although I can assure you I haven't.
I would love to hear your wife’s retort :D

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cfs
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Re: What is your investment strength?

Post by cfs » Sun Mar 04, 2018 2:00 pm

Here is a swot analysis of The Lowest Rated Fund [my imperfect portfolio].

S: Globally diversified and tax minimizer.
W: No comprehensive withdrawal and spending plan in place.
O: Invested in low-cost passive mutual funds and exchange traded funds.
T: Invested in low-cost actively managed mutual funds.

Good luck with your investments, y gracias por leer ~cfs~
~ Member of the Active Retired Force since 2014 ~

JBTX
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Re: What is your investment strength?

Post by JBTX » Sun Mar 04, 2018 2:29 pm

Strength: for 30 years have always saved, mostly maxed retirement accounts, and mostly avoided market timing. Have stayed reasonably diversified.

Weaknesses; occasional tinkering, have put money in active funds, too many funds overall. I will say my weaknesses haven’t really cost me much best I can tell except arguably some wasted time and needless complexity.

3funder
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Re: What is your investment strength?

Post by 3funder » Sun Mar 04, 2018 2:38 pm

retiringwhen wrote:
Sun Mar 04, 2018 1:43 pm
3funder wrote:
Sun Mar 04, 2018 1:06 pm
I love socking away as much money as possible, as I hate buying "stuff" -- my wife thinks I've taken it to the extreme, although I can assure you I haven't.
I would love to hear your wife’s retort :D
It comes down to this:

She wants a a low six-figure cash-like slush fund; I want a mid five-figure cash-like slush fund.

tigerdoc93
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Re: What is your investment strength?

Post by tigerdoc93 » Sun Mar 04, 2018 2:42 pm

Human capital

2015
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Re: What is your investment strength?

Post by 2015 » Sun Mar 04, 2018 2:44 pm

A voracious appetite for knowledge in a wide variety of fields outside of economics, investing, and personal finance. It leads not only to investment strength, but to strength in every other area of life as well.

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triceratop
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Re: What is your investment strength?

Post by triceratop » Sun Mar 04, 2018 2:52 pm

When you begin investing in Vanguard index funds at age 22 as I did, time in the market is your greatest strength.
"To play the stock market is to play musical chairs under the chord progression of a bid-ask spread."

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abuss368
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Re: What is your investment strength?

Post by abuss368 » Sun Mar 04, 2018 2:54 pm

In years past I had many investment weaknesses when trading individual stocks all day long! Thinking we knew more than the markets with no consideration to who (or what) was on the other side of that trade. Once I became educated (and continue to be educated) on the Vanguard and Boglehead way it was an eye opener and revelation.

Believe it or not, the financial crisis was probably a good experience in terms of stay the course and learning that everything I knew never worked before so let's do it different this time around.

Thank you Jack Bogle and Vanguard.
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

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abuss368
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Re: What is your investment strength?

Post by abuss368 » Sun Mar 04, 2018 2:54 pm

I should have also add: savings (and always looking to increase that rate) and time in the markets.
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

racy
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Re: What is your investment strength?

Post by racy » Sun Mar 04, 2018 2:55 pm

Happened to be paying attention in class when the subject of 'compound interest' came up. And, let work since 1976.

MiddleGround
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Re: What is your investment strength?

Post by MiddleGround » Sun Mar 04, 2018 2:59 pm

Learn from my mistakes
It's never too late to invest
Situational awareness
It's never too late to live below your means
Checks and balances
"Fund your future, every month." ---Me

2015
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Re: What is your investment strength?

Post by 2015 » Sun Mar 04, 2018 3:22 pm

KlangFool wrote:
Sun Mar 04, 2018 1:25 pm
OP,

1) Strength -> Save 1 year of expense every year. Do it long enough, it will work out.

2) That alone account for all my success. That helps me recover from my 50% loss 10+ years ago.

3) Humility -> I know that I am not that smart. So, I keep myself away from anything that I cannot understand fully. Unfortunately, it took a 50% loss for me to learn that lesson.

KlangFool
Outstanding. I could have written your number 3. Charlie Munger has spoken extensively about the dangers of overconfidence and knowing and staying within one's circle of competence. #3 is applicable to everything from chess, to tennis, to the strikezone in baseball, to poker, to execution in war, to business, to choosing one's profession, and many, many other areas of human endeavor. Winners and losers in all fields play two entirely different games. Winners play not to lose while losers play to win.

Charlie Munger, Warren Buffet and a host of others would call your #3 the greatest strength of all.

KlangFool
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Re: What is your investment strength?

Post by KlangFool » Sun Mar 04, 2018 3:58 pm

2015 wrote:
Sun Mar 04, 2018 3:22 pm
KlangFool wrote:
Sun Mar 04, 2018 1:25 pm
OP,

1) Strength -> Save 1 year of expense every year. Do it long enough, it will work out.

2) That alone account for all my success. That helps me recover from my 50% loss 10+ years ago.

3) Humility -> I know that I am not that smart. So, I keep myself away from anything that I cannot understand fully. Unfortunately, it took a 50% loss for me to learn that lesson.

KlangFool
Outstanding. I could have written your number 3. Charlie Munger has spoken extensively about the dangers of overconfidence and knowing and staying within one's circle of competence. #3 is applicable to everything from chess, to tennis, to the strikezone in baseball, to poker, to execution in war, to business, to choosing one's profession, and many, many other areas of human endeavor. Winners and losers in all fields play two entirely different games. Winners play not to lose while losers play to win.

Charlie Munger, Warren Buffet and a host of others would call your #3 the greatest strength of all.
2015,

But, the price of the lesson is very high.

A) It costs me at least 5 years of early retirement. I would have retire 5+ years ago if I did not make this mistake.

B) It took 10+ years to write off the losses.

C) 100% stock and individual Telecom stocks. My job is secured and my employer had been around 100+ years. I could always find another job and my pay could only go up. My skill is marketable and so on. When a person is 30+ years old and everything had gone so well, he/she would not listen and believe that the good time will last forever. That was me.

KlangFool

ThrustVectoring
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Re: What is your investment strength?

Post by ThrustVectoring » Sun Mar 04, 2018 4:42 pm

Being process oriented and willing to take reasonable risks. If I think my investment plan is the best thing to do with my money, I commit to it.

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dwickenh
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Re: What is your investment strength?

Post by dwickenh » Sun Mar 04, 2018 5:28 pm

Patience to not try to go for perfect when what I have is perfectly good.
The market is the most efficient mechanism anywhere in the world for transferring wealth from impatient people to patient people.” | — Warren Buffett

ER2023
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Re: What is your investment strength?

Post by ER2023 » Sun Mar 04, 2018 5:37 pm

Strengths: Extremely disciplined with investing, will stay the course - have always strived for FI and preparation for retirement. Also healthy balance between rigorous savings and spending on what matters (especially experiences)

Weaknesses: Analysis paralysis, spend waay too much time looking at my spreadsheets and basically just think about it too much

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pennstater2005
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Re: What is your investment strength?

Post by pennstater2005 » Sun Mar 04, 2018 5:46 pm

Understanding risk and return are highly correlated and where my risk tolerance lies.
“If you think nobody cares if you're alive, try missing a couple of car payments.” – Earl Wilson

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FreeAtLast
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Re: What is your investment strength?

Post by FreeAtLast » Sun Mar 04, 2018 5:55 pm

1) K.I.S.S.
2) Discipline
3) Patience
4) Long View
Illegitimi non carborundum.

MJW
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Re: What is your investment strength?

Post by MJW » Sun Mar 04, 2018 5:55 pm

Blunt force savings. Whatever I get in growth on top of it is a nice bonus.

Low cost, pragmatic approach to my investment choices.

Extra "safe" money - more than I really need - just for the added confidence in letting my long term investments do their thing.

Not sure about weaknesses. I spend a good deal of time researching and reading about investing (e.g. following this forum), but this doesn't translate to an overly creative portfolio on my part.........at least, not yet. :oops:

DanMahowny
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Re: What is your investment strength?

Post by DanMahowny » Sun Mar 04, 2018 6:15 pm

Trust my gut?

Think differently from the crowd?

But probably just got lucky.

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Portfolio7
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Re: What is your investment strength?

Post by Portfolio7 » Sun Mar 04, 2018 7:45 pm

Good luck is certainly a good part of it.

Starting early. From 23-24 I saved 20% of my income, then I lost my job and went through everything I'd saved. Then I got another job and by 27 had saved another few grand and paid off all my student loans. That's when I started my 401K, and saved 15% + pretty religiously until about 5 years ago. Now we save about 12%, but we are also investing in DW's business.

I don't really place much value on money, so for a long time I had very little emotional involvement in my savings. I became focused on making money more to obtain the freedom and power to direct my own life. I have never been much of a status seeker. I just keep investing and letting it grow for when I'll need it.
An investment in knowledge pays the best interest.

DrGoogle2017
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Re: What is your investment strength?

Post by DrGoogle2017 » Mon Mar 05, 2018 11:52 am

I didn’t use a financial advisor and lose half of my savings as someone I knew from work.

2015
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Re: What is your investment strength?

Post by 2015 » Mon Mar 05, 2018 4:26 pm

KlangFool wrote:
Sun Mar 04, 2018 3:58 pm
2015 wrote:
Sun Mar 04, 2018 3:22 pm
KlangFool wrote:
Sun Mar 04, 2018 1:25 pm
OP,

1) Strength -> Save 1 year of expense every year. Do it long enough, it will work out.

2) That alone account for all my success. That helps me recover from my 50% loss 10+ years ago.

3) Humility -> I know that I am not that smart. So, I keep myself away from anything that I cannot understand fully. Unfortunately, it took a 50% loss for me to learn that lesson.

KlangFool
Outstanding. I could have written your number 3. Charlie Munger has spoken extensively about the dangers of overconfidence and knowing and staying within one's circle of competence. #3 is applicable to everything from chess, to tennis, to the strikezone in baseball, to poker, to execution in war, to business, to choosing one's profession, and many, many other areas of human endeavor. Winners and losers in all fields play two entirely different games. Winners play not to lose while losers play to win.

Charlie Munger, Warren Buffet and a host of others would call your #3 the greatest strength of all.
2015,

But, the price of the lesson is very high.

A) It costs me at least 5 years of early retirement. I would have retire 5+ years ago if I did not make this mistake.

B) It took 10+ years to write off the losses.

C) 100% stock and individual Telecom stocks. My job is secured and my employer had been around 100+ years. I could always find another job and my pay could only go up. My skill is marketable and so on. When a person is 30+ years old and everything had gone so well, he/she would not listen and believe that the good time will last forever. That was me.

KlangFool
Ouch to all of it. Seems every new generation has to learn these things the hard way. Notice I didn't mention how much it cost me to learn that very expensive lesson. :wink:

BlackHat
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Re: What is your investment strength?

Post by BlackHat » Mon Mar 05, 2018 4:38 pm

Well, my family took great care of me growing up financially and emotionally. It put me in a position where I never need to worry about money. So I never have to peek. My father schooled me allot growing up on saving and frugality. So I am great at delaying gratification and choosing the cheaper option
“Life is really simple, but we insist on making it complicated.” -- Confucius

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goingup
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Re: What is your investment strength?

Post by goingup » Tue Mar 06, 2018 10:04 am

FreeAtLast wrote:
Sun Mar 04, 2018 5:55 pm
1) K.I.S.S.
2) Discipline
3) Patience
4) Long View
Well said. These are my ideal attributes too. :beer

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Sandtrap
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Re: What is your investment strength?

Post by Sandtrap » Tue Mar 06, 2018 10:25 am

1 Patience
2 Knowing that I'm not ever the smartest guy in the room.
3 Learn from everyone, what to do. . .what not to do.
4 Chess over checkers.
5 Old school frugality, pace and deliberation.
6 Persistence.
j :D

SGM
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Re: What is your investment strength?

Post by SGM » Wed Mar 07, 2018 4:38 am

The most important thing I did was to increase my own human capital by continuing to invest in my education throughout my working years.

I was reminded of this by the recent passing of one of my mentors and lead professor in my early graduate studies who inspired me to work harder with the simple challenge asking me...... "What have you done for science today?"

With continually increased earnings I was able to pay myself first and stay the course knowing I always had job security and many choices in my working life.

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