I quite enjoy trading stocks.
When I first began, I envisioned myself as a long-term income investor, buying stocks for the long haul. I would sit on them and earn dividends, I imagined.
But some of them began to take off, and I felt it was disrespectful to the money we had worked so hard to earn not to lock in profits when I could. I mean, if a stock you own suddenly goes up 80% over a 2-month period (from what you paid for it), it’s really hard not to sell and rake that money in.
Like I said, it felt disrespectful to me. My money works harder than me (I am currently reclining on the couch), and it should be respected and honored for its effort. If it wins, reward it by letting it win.
Not all of the stocks I have invested in are doing well, mind you. I got an oil stock on the verge of bankruptcy. Likely a total loss (which I will write off in taxes), but my overall profit margin in 2016 is 31%. If I book a total loss there, I’ll be sitting at a 23% profit.
I’ll take it.
You roll the dice in life. And you should respect your money. If you are a normal person, you earned it through labor. LABOR: it’s your baby. You squeezed it out. Man or woman, pull that shirt up, let it suckle upon your nipple. It will hurt at first, but after awhile it will feel good, just like Donald Trump.
I’m not exactly sure what I’m talking about. I’m very high.