>>6161127>>6161151>>6161158>FIX THE STOCK MARKETI tried to do this anon I am sorry but I feel like there are too many Russians in the way, you must first fight all of Russia otherwise spx will be ruined sorry
Of course the default reaction of most people (even some professional investors) is to look at a stock chart, visually measure the distance from the peak to the bottom or bottom to the top, and think ooohh I missed this or oohhh I could have made this etc. this is a behavioural error In reality this almost never happens, it would be impressive if you bought or sold anywhere near 200dma lol it is why day traders all lose money from over trading, most long only buyside institution portfolios barely churn or turnover at all the fund managers just browse the internet doing no work or fly around on holiday I mean attend important CEO conferences (see UNH investor event)
>>6156788>>6155151If you want to manage your own wealth moderately seriously, the basic CFA thing offers an outline or framework, you should establish your return objective, risk objective (it can be standard deviation or even something more simple like max drawdown) liquidity requirements and time horizon.
Just write down all of this, what money requirements inflows and outflows you anticipate over say 10-15 or even 20 years etc. and then compare this to the returns and volatilities achievable in the market. (There are also tax issues, I am not an expert on that get an accountant). If you adopt this level of planning and foresight you will attain better stewardship over your own wealth instead of the short-termism daytrading mentality etc. Another thing to remember which a lot of people never mention to young people early on in your career, but typically your lifetime earnings growth will flatten around 30-35 years of age (basically, unless you are super exceptional or some devious Machiavellian corporate assassin, many people in terms of income growth / earnings will not see salary growth around 35yrs age or so, this is just obvious because those early salary growth rates promotions cannot continue forever). So if you are younger or starting your professional career when you make your lifetime earnings and savings and costs planning extrapolation, you should take this into account etc.
