- — the high-level concerns
- #22 distraction/firewall .. when I want to focus on localSys, coding drill etc
- babysitt .. some stock positions have become crying babies
- Robinhood proved very distractive. It once became substance addiction similar to the wrong-time temptation
- Sugg — Avoid distraction due to frequent trading. Favor buy-n-hold.
- buy_n_forget is more in-depth
- #33 aggregate DYOC .. 3% would be unimpressive. However, it’s irrational/unfair to look at aggregate — better to look at the income ptf
- #44 ROTI .. (see section below) too much time spent but total dollar amount is not worthwhile. Need to invest more to justify the effort
- #11 paper loss .. when I need to access the cash. I think this is #1 concern for other investors but not me.
- Diversification —
R.Xiapointed out that if you buy many dividend stocks and some fail, then one of them might soar high enough to compensate for the other unrealized losses.
- Diversification —
- #1 compliance .. No one has 100% job security. (No driver has 0% fatality risk.). Compliance breaches (esp. repeated) would aggravate my job insecurity.
- Not catastrophizing. Risk is real.
- #11 concern: bonus cut .. $10k cut would not be a surprise. The dollar amount is likely bigger than the “paper loss” item below.
- #8 Rbh: investor safety
— ROTI:
For a few years I spent tons of hours on FSM cherry-picking, but underwhelming ROTI, perhaps due to annual fees eroding the return.
== compliance
Q1: what’s my chance of surviving 2021? 90%
Q2: what’s my chance of surviving 2022? 70%
But the above answers are too rosy and short-sighted. A black swan event like compliance breach could cut the Q2 answer to 50%
I told a counsellor that job security depends on 1) company/industry profitability 2) Larry’s perception of me[5]. In a perfect storm of cost-cutting + my poor performance, then repeated compliance breaches would aggravate my job insecurity.
[5] With other managers (trigger-happy, like deMunk), firm performance would be a secondary factor.
— bird crashing a Boeing747″.. There are countless small hazards (bird) or small errors like 3dangerous habits #cross`street@bike or disobeying a PATH police, but why do they have such severe consequences? No idea. Anyway, below are some protective shields for the compliance risk. (Note there are several similar lists like ##[19]random ffree-derailers #resilience and random list@protections):
- better performance, improved reputation with manager
- #9 government-provided social safety net.. some people really lean on it and bet on it. I would say someday I may, too. No shame.
- #7 brbr, Fuller wealth
- #5 resilient family
- #3/6 career longevity .. I rank this shield very high at this age, but what about age 52?
- #1 wellness