The time for fooling around is over.
Being able to attach existing funds to my future financial self is pretty damn important.Sure, you can fool around in the market and have a good time.But, I now have a driving need to simplify my finances across the board and am in the process of making big changes.[Made Youve Them To Actually Heres How Keep Resolutions Financial Your]
Sorry, TD.As a woman who loves to learn new things, it’s fun to know that I could really dig my heels in on this investing topics and learn a ton.
All along the way, I did admit that I had no clue what I was doing.Being able to visualize and imagine a happy, healthy financial future is something I hold dear.[What I People Other How Caring Stopped Think]
I currently selling off anything with positive returns and will give the remaining positions about 2 weeks to see if they turn around.And, as always, I want to document some of these bigger financial moves to hold myself accountable on this crazy journey of mine.
In short, The Lady’s current investing experiment (by the numbers) can be summarized by:
Over $6,000 invested in under 2 years
Modest gains in a tumultuous market
When it comes to these two investment accounts, there are also some intangible, touchy-feely emotions that should be weighed when judging the true vale of my investment portfolios.This Lady is calling it quits with you.[The You Help Of Debt Will Out Get Mindset Money That]
I realize now that my financial foundation was never really built correctly, and that includes a profound lack of investment strategy.Our little fling was fun but you are just too costly and, to be honest, we are just not on the same page.
But will I? Eh.Apparently, my “heart” has an opinion, too.[I My Combine How Do Partner With Finances]The Intangibles
Money is emotional.Is it making me a millionaire? No.
For any of my readers who haven’t “fooled around” with investing yet, don’t be scared.(I’ll likely go into details about that in another post.) Priorities need to be decided on and adjustments made.[Director School Business Million Owner Dollar Band From To High]
I’m ready to get serious..[Aren8217t College Student Problem Only Today The Hitting Loans Students]
Now, The Lady has had her fun.Summary
The Lady in the Black is about personal finances and personal development.Emotion, if you prefer.)
Which brings us to evaluating how “smart” my investing has been to date.[Think What Other People]The Numbers
My modest investing goal, other than education, was to exceed current savings interest rates.Unlike other savings vehicles, I am better able to imagine the stock market, and my portfolios by default, growing over time.I’ve seen the long-term market indexes and know that means long-term=growth.
For a financial late-blooming Lady, I’m exceedingly pleased with myself for starting to invest.And with most big changes, there are two sides to consider; the head and the heart (or logic vs.In 4 short months, I was a self-proclaimed promiscuous investor.[A Car Major When Into Accident Husband Gets Your]
The Lady in the Black shares where she’s at with her experiment with investing.I check in with my portfolios everyday (sometimes more than once) just to see what’s up with them (and what’s down.) I learned early not to panic and so now it gives me a level amusement that might equate to that of a hobby.
In short, The Lady emotions tell her that:
She’s learned a lot about investing but still doesn’t know much
Investing is fun and important to my positive mindset
In light of everything I’ve expounded above, does my investing behavior need to change? No, probably not.Maybe not.Pretty much, if my performance on a individual holding and/or entire portfolio exceeded 2%, I figured I was doing pretty good.The Experiment
Not quite 2 years ago, I felt like dipping my big toe into investing, after being introduced to the concept in ways that were non-threatening and encouraging to me.It never really even occurred to me.He teaches without talking down.[Goh Lessons From Theresa In Woman Tenacity Womens Month Power]
The post Experiment with Investing: The Lady Finally Gets Serious appeared first on The Lady in the Black.
But am I even getting close to market performance?
Well, according to the charts, it seems like I decided to starting to invest with bulls and then got the experience of meeting a bear, a big ugly bear.No judgment from me.I know this to be true for myself and believe it to be true for most.I looked at the ETFs holdings to spot areas of duplication.[Points AF My Score 038 Credit Happy Im Dropped 47]
What do the numbers, as of this minute, show?STASH
Started investing in June 2017.
Current Portfolio Value: ~$3,200
Current Adjusted Unrealized GAIN: $387 (+13.68%)
Pulled out money twice since inception
Trading fees: $1/month
Additional custodial account for The Kid: $551
Started investing in August 2017.
Current Portfolio Value: ~$3,100
Current Adjusted Unrealized GAIN: $52 (or +1.7%)
Realized LOSS in 2017: $45
Realized LOSS in 2018: $59
Trading fees: $6.95/trade
Taking both accounts’ unrealized gains collectively, I’ve succeeded in exceeding my “beat the savings rate” goal, kinda.(I’ve got a lot of stuff swirling around this Lady brain.)Entertainment
And fooling around with investing is fun.Yes, I’ve learned a bit over this experiment but I also know I’ve barely scratched the surface.What emotions have I attached to these two investment portfolios?Hope
I strongly equate these guys with my future financial wellbeing.Is it bankrupting me? No.I suppose this is a good thing to happen early on when my investments are relatively low.(Shout out to Feminist Financier.)
From the start, I talked about investing in terms like dabbling or “fooling around.” (Check this risque little post!) The parallels from investing to dating seemed to make sense to me and I kind of just ran with that as a theme.Because astrology and finances mix well, right?
So, what did I decide about my investments?Streamline the Good
As of today, I have decided to keep my STASH account but consolidate my holdings from 7 to 3.
How did I decide what to keep and what to cut loose? Truthfully, I used both my head and my heart.(I’m not a math expert but my gains seem to put me in the “not bad for a noob” category.) Yay me.Either way, even investing experts don’t make market performance so I’ll just let myself off the hook on that one.[Engaged Every Financial Stay Wellness With Age At]
I want to commit to an investment strategy that works for me now AND for my future self.Just be safe.
I also used a bit of Marie Kondo.It really is.Maybe.Fortunately, there can be good times and better learnings as well.[Alumni Kelly In Featured Chicago Booth Gushue Spotlight]
Taking a long, hard look at my investments has revealed a few interesting points that I thought might benefit others.I also made about $120 in dividends.I looked at the returns, the dividend yields, and the expense ratios.That was OK because, for me, it was far more about overcoming the fear of investing and learning something new.Yet, of late, I’m being forced to reconsider, re-evaluate, and re-assess my entire financial big picture.I’ll continue my relationship with this nice guy of newbie investing.
STASH has been good to me.I’m growing as a financial creature and there are definitely growing pains along the way.Yay dividends.[Goals Expanding Customers Achieve Its 038 Helps Bank Money This Atlanta In Their]
I’m selling off everything and applying the funds elsewhere.Dump the Junk
TDAmeritrade? Sorry, Charlie.Buy low, sell high, right?
I plan to use the freed-up cash toward my credit card balance and some to fund my new money machine.[Eating For Tips At Creative Saving In Home Eat Money]
Plus, my horoscope said it was a good time to work on finances.Before I started this financial journey, I never could do that.For a Lady who went a little investing crazy early on, you might be surprised how grown-up she’s being about everything.Education
There is also an intellectual challenge to investing.Some would say it’s a very good thing as I am getting in the market during a “sale” time.That said, I also had daydreams of somehow finding that dream stock and living happily ever after.[And Best Step Repeat Tips Choosing On The Banners]