This is just my personal view and I am sure many might not agree with me. Stock Investing is a life-long journey, so, as long as we are still investing (which we should), don't count too early that we are the winner of the game (even though you have a pretty good reason to think so in your realised and unrealised profits track record plus the dividend payment).
In fact, the reverse is true too. In short, as long as you are still investing, don't count too early that you are the loser (even though you have a pretty good reason to be so in your realised or unrealised losses track record to support your case).
Come and think of it, since it is a life-long journey, does it means that if you invest in stocks continuously until your last breath (touch wood), does it means that you will never be a true winner (or loser) of the game? Errr... I think so, at best, you can consider yourself an interim winner/loser (those cash out the profits/losses along the way). So, who will be the real winner/loser of the game? My answer is : those you are passing your legacy to. ;-)
Agreed?
if that person is passing debt to his legacy, then those who received will jia lut
ReplyDeleteB : That is true also, everything has 2-sides of the story, remember? lol
DeleteWe have to define our End Game in investing too.
ReplyDeleteThe End Game is when we turn into super kiasu and kiasi just to beat inflation ONLY!
CW8888 : But even you can set this End Game, as long as the game is not really ended (i.e. till our last breath), there is still chance that we can turn winner into loser (and vice-versa).. so...!?
DeleteSpend it slowly and leave whatever on the table on the last day. Winner liao. No?
DeleteCW8888 : Spend it wisely (and enjoy whatever you spent) and leave whatever on the table on the last day is better choice for me ;-)
DeleteIt is highly possible, the market can take back what it has given, after all money flows from one investor pocket to another. If you have enhance your life through having more to spend due to your yearly returns and slowly relying lesser on your active income giving you a better state of mind and a less stressful life, you are already a winner. Sustainability is the key.
ReplyDeleteY : very true! Like the way you look into the subject from another angle! Thanks for sharing
Delete