I’ve been asked a couple of times now to write a bit more on my investing experience from emails and comments on this blog. Yet at the same time I’ve vaguely avoiding doing it. Why? It’s the one area of personal finance I feel I’m under qualified to discuss.
I’m very much still learning about all the different ways I could be investing and what methods seem to fit my personality and risk tolerance. I’m not a die hard index investor nor am I a pure dividend growth investor. As I read and learn I’m adjusting my ideas and plans in my head to evolve to an overall plan of attack for my investments to follow.
I do know I’m seeking fairly important factors around my plan. First it has to be simple to follow because in the end I’m sort of a lazy kind of person. Also I’m not one of those people that check the value of my stocks daily or even where the market closed for the day. Some times it’s a week or more before I look. So I need a plan that doesn’t require a close eye on the market. Other than that I need something with low fees and an element of capital protection (just enough to give me a sleep at night factor) and part of the plan has to include some income element.
Overall I’m getting closer to having a plan. I’m not there just yet. I’m aware with our second baby due in just two weeks I’m going to have a fair amount of chaos in my life. I don’t have any plans to make major changes right away. Yet during my parental leave I’m likely to look some material and try to get some rough ideas of where I want to take things.
So in the mean time I do intend to dig up some of my previous numbers of past performance to help me build a base line of how we did last year. I’ll be sharing that information and some of my thoughts on where I want to take my plan as I go forward. Hopefully with the help of the 1000 or so people who read this blog daily we can come up something that seems to cover all the bases and perhaps provide a little input to your plan as well.
So in advance. Thank you all.