2J
Remember: I never attack anyone personally. When I attack you, it's the aspects of your personality that stand in the way of sustainable (stock market) success: Prejudices, wishful thinking, cognitive distortions, misconceptions - and whatever the beasts are called. That's what I'm after ;-)
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@Epi I honestly didn't understand that at the beginning. You must be a few stock market years older than me 😂
But thank you for your neutral criticism.
But thank you for your neutral criticism.
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•2J
@Wiktor_06 I've certainly been in the stock market business a little longer. You can't imagine what I tried out and went through until I finally got a systematic approach and movement in my portfolio. At your age, I wasn't as far along as you are. So stick with it and learn! And never let anyone put you out of business! Then you'll be much further ahead in 10 years' time.
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•@Epi Thank you for the motivating words. I hope that in future I can keep my fingers still and not make any more impulse purchases.
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2J
@Wiktor_06 As I said, find a strategy that suits you. If impulse buying gives you a sense of self-efficacy and prevents you from getting bored, then it's psychologically better to give it some space and reserve 10-15% of your portfolio for it rather than doing without it altogether (that would be self-denial). Just as you will find it difficult to reconcile a 70% savings rate and a life worth living in the long term. Allocating 10-15% of your income to impulse purchases and spontaneous invitations from a few friends will significantly stabilize the other important financial areas.
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