Quote:
Originally Posted by Reef_Geek
should probably mention, we have different investment horizons.
I am still in my wealth accrual phase trying to ensure a retirement, whereas you're already there and have no need for debt.
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Yeah, the big advantage you have is you can be aggressive with your investments (just don't be foolish), and can even afford a major mistake or two.
I still remember well the day, I lost more money in a single stock (very bad earnings surprise) than my house was worth at the time. That was painful. But I had it coming, as I was getting far too aggressive with my investing and putting all my eggs in single baskets, because of past successes. Needless to say, I became a lot more conservative (and disciplined) after that and diversified more. Amazingly, though, I still came out ahead that year, despite that big loss. I have had many losses since (not big ones, though), but none have hurt more than that one.
Anyway, I am very much the opposite now, and more of an opportunist if something looks really good. Plus I day trade a bit, just playing momentum. I worked too hard for what I have now, to risk losing it...