A glum month for investing... need cheering up

Workerdrone

Dh6 said:

You sound to me like you could be investing above your risk profile. No offence intended but maybe a re-evaluation of your portfolio may be in order? DH

Thanks, and no offence taken. My problem is I've been spoiled. A long sequence of good returns even during things like covid have made it very tempting every day to look at the gains. Yes peoples advice is don't look every day but to be frank its a bit of an addition.

I am at least sensible enough to hold the belief that losses on paper are just that, they aren't realised until you sell. I've no intention of doing that. I'll just hold firm.

As far as risk profile is concerned I'm afraid I need to go hard to hit a target. No massive wage for me, no 40% relief on the way in, just good old fashioned MSE cutting your cloth and saving (No frothy coffees or smashed avacado on toast ;-).

It's kind of a shoot for the stars and you might hit the moon situation. Even if I don't get to my target I will still be extremely comfortable in retirement.

The best bit of advice/reminder I had on this thread was to look at the current dip as an opportunity to buy more stock at a discount. It's that sort of advice I find reading reassuring. :-)

Workerdrone

Deleted_User said:

Investing isn’t for entertainment. Boring is good. Cards or roulette are for your “play” money. 

You could add Crypto into that category :-)

pensionpawn

Workerdrone said:

Deleted_User said:

Investing isn’t for entertainment. Boring is good. Cards or roulette are for your “play” money. 

You could add Crypto into that category :-)

...and follow this speculators advice   <blockquote class="twitter-tweet"><p lang="en" dir="ltr">Mr. Goxx placed a buy order for 89.1 XLM at 19.99 EUR<a href="https://t.co/7koIvFM2FH">https://t.co/7koIvFM2FH</a><br><br>Order: #179<br><br>DISCLAIMER <br>This content is for entertainment purposes only. Investments shown here are not financial advice.</p>&mdash; mrgoxx (@mrgoxx) <a href="

https://twitter.com/mrgoxx/status/1443040521153392644?ref_src=twsrc%5Etfw

">September 29, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Workerdrone

pensionpawn said:

Workerdrone said:

Deleted_User said:

Investing isn’t for entertainment. Boring is good. Cards or roulette are for your “play” money. 

You could add Crypto into that category :-)

...and follow this speculators advice   <blockquote class="twitter-tweet"><p lang="en" dir="ltr">Mr. Goxx placed a buy order for 89.1 XLM at 19.99 EUR<a href="https://t.co/7koIvFM2FH">https://t.co/7koIvFM2FH</a><br><br>Order: #179<br><br>DISCLAIMER <br>This content is for entertainment purposes only. Investments shown here are not financial advice.</p>&mdash; mrgoxx (@mrgoxx) <a href="

https://twitter.com/mrgoxx/status/1443040521153392644?ref_src=twsrc%5Etfw

">September 29, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Oh the hamster, lol read about that yesterday

MaxiRobriguez

Workerdrone said:

Dh6 said:

You sound to me like you could be investing above your risk profile. No offence intended but maybe a re-evaluation of your portfolio may be in order? DH

Thanks, and no offence taken. My problem is I've been spoiled. A long sequence of good returns even during things like covid have made it very tempting every day to look at the gains. Yes peoples advice is don't look every day but to be frank its a bit of an addition.

I look at mine daily too, partly for fun, partly for opportunities. 

It's not a problem if you know you can keep your emotions in check. I topped up my RB holding on the 28th July. Had I left it a week then the 5% gains since would have been halved. 

I've never sold on daily large changes either way. Sold a -50% which had been a -50% for 18 months for me. That was nice looking at that every day.