As an investor what to do in your spare time?

What does an investor usually do? What to do, while our money is working?

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Firefighters are fighting fire, doctors are curing patients, but what does an investor do?
Investing in many type of financial vehicles, then anticipating a positive return, hopefully also aiming to beat inflation and market averages.
Right, but that is something actually the market does, the values, returns and other metrics change, so most of the time an investor is actually waiting to see if the setup is working, then furthermore studying, checking markets and always making small corrections. Just like driving a ship or any other vehicle.
So as a small investor, what should we do, when our investments are in good position and we just need time to pass by? Shall we just check our investments and the market in 6 months, 1-2-5 years from now? Shall we check it several times per day?
I don’t know the answer, I don’t think anyone does. I think the answer actually varies from person to person. Depends on how easily our hands are shaken by markets. Can we stick to our initial plan (because an investor should have a plan), can we fight our emotions when the markets are taking a nosedive jump or when everything is sparkling and our greed is knocking on our doors?
I tried not to look at my stocks for a day. I think I lasted for 5 hours in between the market open and close. It felt good. I was able to concentrate and focus on other things.
But when I started I didn’t know what to do. I was asking myself, how I could become a better investor, while my investments are still shaping to succeed or fail.
I had the below ideas:
– focus on building personality, on sharpening the force of will
– read articles and books generally on investing and learn, also memorize and later use new tactics, tools and strategies in real life. I just bought Essentialism by Greg McKeown. I pretty much enjoyed Robert T. Kiyosaki’s books so far (Rich Dad, Poor Dad).
– starting an investing game, like virtual stock market game
I think all the above is very useful. I think what very useful can be is the virtual stock market game. Having several portfolios and trying out different strategies, having our risk taker personality match our rule follower one.
So I can recommend to use time, as time is also an asset we all have, but usually never value enough.
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Which opinion to listen to? All. Where to find quality advice? Anywhere – everywhere.

As I am trying to evolve my financial life, selecting the right vehicles and making the right calls at the right time, I find myself continuously in the middle of a battlefield of different opinions.
These opinions often collide.: Warren Buffet-like investing thinking of selecting stocks for the long run, not to bet on timing, but on value.
Then the criticism comes of not focusing enough and therefore missing out on the ups of the market. I think I’ve heard just as many people tell me to differentiate as those who said to focus my investments if I want true success and return.
The list of debates goes on and never ending: savers are losers, but when the nightmare turns true, then they are the survivors…
I have a great skill, which I cherish and love about myself: I can listen. This doesn’t mean that I will do everything according to the advice or opinion I just received, but will try to make an effort and understand that point of view.
This is why I know and would like to share my opinion to listen to all. I know how much stupidity and non-sense around us is, but we need to filter. This is a skill. And just as you train you muscles or anything else to get better, you can also get better in filtering.
When you want to get a Harley, you’ll start to see them more often in traffic and around you. Why? Because you want one. Once you have seen one, you think of it longer than the other car or bike that went before or after that Harley you’ve just seen. If you focus and want to get quality information, anything that you can use for your goals, then you’ll find it.
Once I’ve seen a stupid, low quality Chinese fighting movie (with friends and got drunk). In the middle of the movie they said something on how water can destroy the strongest rock there is, it only takes time. I was drunk and having fun with my friends, but then I realized how that fits into my picture of hard working paying off. How the water could become more efficient in destroying a rock? Perhaps if the water drops would be improved to a water cutting machine? So if I focus on trying to become successful on the stock market, then I should take my time, but effectively study stock market related material.
My mind is simply set to this mode. Trying to find / make useful information to achieve my goals.
So I try to focus on sources that have the highest chance to help me achieve my goals, but as my goal is set, I never turn off my filter and always try to keep the shiny gold idea, filtered from the junk.

Time and efficiency – I mean a different sort of efficiency than what you think

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I don’t think there’s not a single soul out there who hasn’t heard of the importance, on how we should squeeze everything we can from our time. Be efficient!

Set your mouse scroll faster – it will take time for you to adjust, but will win time on the long run.
Prioritize your tasks
Learn how to typewrite
Check out recipes that only take less than 20 minutes
and the list goes on and on…
Most of us wake up in the morning, think about what we must do. It’s usually going to work. It’s the same case for me, I have a full time job and work from 8:30 AM till 5:00 PM. Then I try to make myself go jogging for an hour. I’ll get home tired. My girlfriend will arrive and we’ll chat, watch a movie, play on a game console, perhaps read a book and have dinner (of course there’s more than that).
The point I’m trying to make is that we all have a daily routine. As a matter of fact, at the age of 30, I think my daily routine hasn’t changed much since I started working, roughly 6-7 years ago.
So I want you to zoom out from thinking how to be efficient, from the mouse scroll speed level to your life level.
I asked myself, am I efficient with my life?
I know how this question could fill books with content and I don’t want to discuss family, children and things like that. My blogging aims on personal finance and getting rich.
So I rephrased my question: by having no other option than having a full time job (I’ll discuss this in a later post), am I being efficient in making money?
I started reading many rich man advice ideas and I got a clear answer to my question: no.
I need to read, learn, debate and ask others on this matter – so please comment and debate my ideas, because we’ll get better in the end.
Our daily routine tasks are wrong, the prioritization is wrong. To learn new things, listen to new ideas and get different glasses to see the world through different shades is important. Then I will have a chance to see and think different. Because the rat-race lifestyle is not leading anywhere.
So I started reading, I started writing this blog. I watch interviews with rich people. Shark tank, Dragon’s Den (Canada, UK) I keep watching and other CNBC shows too.
I feel that I am improving and I value this feeling very important. I want to develop my skills further and gain information on anything that can prove useful in my goals.
So what truly matters is that I know my destination and each step towards that will help me get there. Please join me in my journey and if you can help with your ideas.

My start of blogging

Dear World, The reason I am starting to blog is to share with everyone or anyone on how a guy in his 30s is trying to become rich. I am not alone, if not everyone has this on their priority list, but on mine, it’s quite on top. I will share my thoughts on my difficulties, successes, hopes and dreams.

I will also try to be detailed, so you can really see what financial moves I make, what my approach is and what made me do things the way I am. Follow me in this adventure in getting rich!

Couple of things for future reference: Right now, I am not rich at all. I am Hungarian and don’t live in the US, but spent there a year long time ago, at the age of 16. But I read, listen and watch US media and I believe that the way in getting rich is by investing and thinking like an American. I do feel partly being American, this is something personal to me.