My lifestyle was pretty much the same after I left work. I have let it creep up as my portfolio has increased. The return required to pay my bills has dropped substantially over the years as the portfolio has grown faster than my lifestyle.
I have tried telling people I a private investor. Most don't understand it and think I'm day trading. Sometimes I don't have the energy to explain so I just tell them I'm unemployed. lol
Great piece!!! I really can relate. Im 24 month into Full-time investing and I found managing the mood is tough when you become obsessed about research and making investment decisions. You need some thing going on the side - family, hobbies, etc.
I assuming you mean did my style change before and after the transition.
Yes and no. It's always evolving, so it would have changed (and will continue to change) as I learn and develop. I would say the largest difference now is that I can go deeper and network better on a company due to having more time. But overall I'm just as concentrated and have about the same amount of turnover.
Curious your lifestyle become more expensive after you left the corporate world. Also, what did you tell people you were doing when you left? I know some people say they're in consulting to avoid having to explain.
My lifestyle was pretty much the same after I left work. I have let it creep up as my portfolio has increased. The return required to pay my bills has dropped substantially over the years as the portfolio has grown faster than my lifestyle.
I have tried telling people I a private investor. Most don't understand it and think I'm day trading. Sometimes I don't have the energy to explain so I just tell them I'm unemployed. lol
Thanks for the comment.
I think it’s funny telling people I’m retired. That really blows their brains
Great piece!!! I really can relate. Im 24 month into Full-time investing and I found managing the mood is tough when you become obsessed about research and making investment decisions. You need some thing going on the side - family, hobbies, etc.
Thanks for the comment. I agree. Having something else on the side keeps me balanced.
Congrats on going full time.
Useful, and perhaps timely :). Thanks!
Glad you enjoyed it. Feel free to message me if you have any questions.
Did your Investment style before and after the transition?
I assuming you mean did my style change before and after the transition.
Yes and no. It's always evolving, so it would have changed (and will continue to change) as I learn and develop. I would say the largest difference now is that I can go deeper and network better on a company due to having more time. But overall I'm just as concentrated and have about the same amount of turnover.
Thanks for the comment
Dean
I really enjoyed reading it.It’s very like a Vitalitiy Katsenelson‘s writings.
Thank you for the kind words. Vitalitiy is quite a good writer in my opinion.
Curious your lifestyle become more expensive after you left the corporate world. Also, what did you tell people you were doing when you left? I know some people say they're in consulting to avoid having to explain.