THAT'S great—congratulations. Of course, you’d only benefit “directly” from it if you were to withdraw the profits—which, of course, you don’t do. The idea is to keep growing it “more and more.” That might turn out to be a trap, especially in old age—because, as the saying goes, you can’t take it with you. The saying “Always live first class—otherwise your heirs will” is also worth considering, at the very least. For myself, I have a vast number of dividend-paying stocks with strong diversification in my portfolio. Some of it certainly gets reinvested time and again, but some stays in my checking account for day-to-day expenses. The whole thing continues to grow, though—and that’s the point. As long as I’m still earning money and don’t need to supplement my pension in case of unexpected expenses—everything’s fine. But I like your approach. Spreading it across just two stocks without further diversification would be a little too risky for me, even if there’s certainly no need to fear a drastic “crash” with these stocks. Something like that usually happens gradually at first and then accelerates.
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@ZaphodB Thank you!
You’re right. Right now, I only have paper gains, and I can definitely see them dropping back down to zero. But that’s part of the journey.
For me, this is the first big upward surge that could be “life-changing.”
Since I’m not in the withdrawal phase yet, this is just a snapshot.
But a nice one 😉
And you didn’t look quite closely enough. My portfolio has more positions, but they’re not in the screenshot 😊
You’re right. Right now, I only have paper gains, and I can definitely see them dropping back down to zero. But that’s part of the journey.
For me, this is the first big upward surge that could be “life-changing.”
Since I’m not in the withdrawal phase yet, this is just a snapshot.
But a nice one 😉
And you didn’t look quite closely enough. My portfolio has more positions, but they’re not in the screenshot 😊
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