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So, if the goal of investing is to get rich and the goal of being rich is to be happy, I have a good strategy. Your overall net worth is not what makes you hap
by zhoujianfu 6y ago
So, if the goal of investing is to get rich and the goal of being rich is to be happy, I have a good strategy.
Your overall net worth is not what makes you happy, it’s the CHANGE in net worth (up).
If you’re always heavily invested in the market, you are most of the time happy, because most of the time, the market goes up. This is punctuated by (relatively) quick periods of great loss/sadness.
But overall, you end up with a lot more happy times than sad. So a net positive to happiness. Not being invested in the market (at all or trying to beat a crash) means you have a period of net zero happiness. Which is worse on average than being in the market.
So, let it ride people... on average you’ll be happier!
(And actually, on average you’ll do better financially too.)
- ur-whale 6y ago> Your overall net worth is not what makes you happy, it’s the CHANGE in net worth (up). Two unfunded assumptions that seem to be based on your own experience. Here's another, based on my own experience: a component of what makes you happy is to not have to worry about money at all, either because you live a lifestyle that require little of it, or because you have enough that a 50% change in wealth has zero impact on your life.