In my own personal network, people who I'd NEVER think would have the mental or psychological capacity to do the boring work behind investing have bought and sold with the cool comfort of a professional. Anyway, it all ended the way it has always ended. But what really gets me is that the same obviousness that drove their investing when things were going well seems to motivate their anger and incredulity now that things aren't going well. In my own life, I still strive to one day be a successful retail investor. I'm still "up" considerable from when I first started taking it seriously in 2014. But I haven't had time to invest in investing - in large measure due to my own demanding professional career as a professor. This lack of time, however, is a struggle second only to the psychological reactions I have to market volatility and risk - something I haven't yet figured out how to handle. By the way, any books you want to suggest?
It took me a long time to determine how I should invest. I.e. what suits my personality best. I made many mistakes early in my investing journey, but I believe my errors were also my best teacher.
I think my other most important teacher was history. Learning about past manias helped me understand and predict market cycles. Two books that helped me long ago were "Devil Takes the Hindemost" by Chancellor and "A Short History of Financial Euphoria" by Galbraith.
In my own personal network, people who I'd NEVER think would have the mental or psychological capacity to do the boring work behind investing have bought and sold with the cool comfort of a professional. Anyway, it all ended the way it has always ended. But what really gets me is that the same obviousness that drove their investing when things were going well seems to motivate their anger and incredulity now that things aren't going well. In my own life, I still strive to one day be a successful retail investor. I'm still "up" considerable from when I first started taking it seriously in 2014. But I haven't had time to invest in investing - in large measure due to my own demanding professional career as a professor. This lack of time, however, is a struggle second only to the psychological reactions I have to market volatility and risk - something I haven't yet figured out how to handle. By the way, any books you want to suggest?
It took me a long time to determine how I should invest. I.e. what suits my personality best. I made many mistakes early in my investing journey, but I believe my errors were also my best teacher.
I think my other most important teacher was history. Learning about past manias helped me understand and predict market cycles. Two books that helped me long ago were "Devil Takes the Hindemost" by Chancellor and "A Short History of Financial Euphoria" by Galbraith.