How to build your investment portfolio..
Over the last few year’s I’ve become totally obsessed with investing. Having your money making you more money.. What a concept! As you’ll read, I mention I only wish I would have found it interesting years earlier.. How much farther I would be. No point cry over spilt milk though.
The reason it took me as long as it did to get into was because all of it seemed like hieroglyphics. To be honest, it is a little dull and confusing at first, but once you get a bit of a handle on the ideas, it’s fairly simple. It’s much simpler than the mutual fund ‘experts’ make it appear.
So I’m listening to a motivational video at the gym the other day, and a clip from ‘The Martian’ comes on. I remember it took me a while to actually see that film. I think I had some sort of ill feelings held towards Matt Damon from his part in ‘Interstellar’. Another amazing movie, by the way.
Anyway, I remember the night I did finally watch it. It was a weeknight and it kept me up way too late. I couldn’t help it. There was no way I wasn’t finishing the movie, that night.
The acting was pretty good and the film had a decent story line. But what I couldn’t get over was the perseverance of Matt Damon’s character, and his ability to take risks.
“As I came back to myself I realized I had been sitting there for over an hour. I was surprised, but I didn’t care. I had nowhere to be and no one to appease.”
Recently having visited Japan over my winter holidays by myself it really got me thinking about solo travel. It was my first real solo traveling trip. I could argue that moving to Korea was a solo expedition, but I did know a few people in the country previous to coming.
I’ve been comfortable going places by myself for most of my life. I don’t need an entourage to arrive to an event with, and I’m fine going out to dinner alone Visiting a country alone though, is a different story.
“But isn’t investing in the stock market risky?”
It’s only a matter of minutes before this comes out of the mouth of whomever I’m speaking about investing with, that’s around my age. Millennials, I tell you..
It’s ironic that due to their fear of losing money, their case-resting remarks are that they’re going to just leave their money in the bank. Then probably buy a house.
I’ve explored how over a number of years purchasing and owning a home is more most costly than buying into the stock market. I’ve also pointed occasionally due to basic math that holding money in your bank account bares a huge opportunity cost. Interest earned on a GIC is around 1-2%, inflation averages around 3% – it’s suggested it’s actually decently higher – and a total market index averages a 7% return. Do the math.