Like many other years before, I started this year in the worst possible way.
The first of January was spent being hungover from yesterday’s party, I didn’t work out, didn’t eat healthily and can’t say I did anything of the regular good stuff.
When the stock market opened again, I was looking for things to happen.
Again I met this year without having a solid plan. Did not know how many trades I wanted to do, I was not sure which companies I was able to sell, and which ones were just temporary positions in the portfolio.
One investor shared some very important knowledge after spending 20 years in the market. He learned to stop doing or looking for something all the time. Just be pleased with the portfolio you got.
That’s one of the things that I have failed spectacularly. As a young investor, I was always trying to look for companies that could be added to portfolio, or just look for movements in the stock market = movements in the world. That is something I need to work on this year. Stop looking for stuff, stop being updated.
There is a saying that one of the best things you could do as an investor, is to buy huge, big, diversified companies and go to sleep for 20 years, never look at the portfolio.
My Plan For 2017
So, that’s my plan for this year. Stop looking all the time and spend time on other things, such as going to the gym, spending time with friends, reading and so on.
What triggered me was that I got a comment from a fellow investor that made me do something that I am sure will be a game changer. I wrote a game plan for 2017:
Next Year’s Plan
I can do 3 sells this year, and they include BW LPG, Opera and one unknown.
I want to add Under Armour to the portfolio, so that’s one
I want to add to VEREIT, Starbucks and Activision Blizzard, so that’s three and we now have four buys.
I’m also open for starting another position based on what the motley fool figures out after CES 2017.
Since this is the first time I do this, I have made it a bit easier by saying I can do 10 trades this year
Another thing that I will do, is to think more, and look less. That means I will be spending a lot less time talking to other investors on forums and such, but if you want to contact me, just send me an email and we will for sure have a good conversation.