A reflective moment made me realise that I have time anxiety. Time anxiety is the feeling that one should achieve something within a certain period. This feeling usually comes after realising that most of your peers are ahead of you therefore you feel a pressure to catch up. This realisation was cemented after reading that “when you want to hurry something, that means that you no longer care about it and want to get on to other things” (Pirsig, 2014). This quote pushed me to try to slow things down and achieve things in my own time.
I have been taking a lot of investment and personal finance courses lately. I have been rushing through them because of a deadline I set for myself. I did not take time to really understand the concepts that these professors were trying to teach me. Therefore, I have to redo some of them. This is the way to go if I want to stop speculating about the stocks I choose.
Planning is a good way to go but you have to be aware that some projects take longer than expected. Like me, push your deadline to a later date. You will be better for it.
Pirsig, R. (2014). Zen and the art of motorcycle maintenance.London: Vintage Books.
Before travelling the world, there are a few things you may have to consider. These points are here to prevent you from spending a lot of money without enjoying your vacation. These points are as follows:
- Reasons for travelling
- Destination and duration
- Extra money for different activities
Reasons for travelling
Are you travelling because you want to or because you’re rushed into thinking that this is the only chance you will get? If your answer is the latter, you might want to reconsider. Don’t be fooled by the idea that you will never get the chance to travel again. That feeling alone will dampen your enjoyment of the trip. There are always more opportunities to travel which will allow you to save for longer.
Destination and duration
If you are planning on travelling across six different cities for only a week, then you might want to reconsider. The only exception is a road trip with friends, which is a rite of passage. However, if you want a chance at experiencing the culture in you chosen places, you may have to reconsider. The reason is that, most of the time will be depleted by travelling between cities and therefore you won’t be able to experience the joy of exploring the cities. You may have to re-structure your plan to travel for longer or to travel to fewer cities.
Extra money for different activities
Because most of your money will go towards accommodation, you need money to go into the places that require entry fees. Moreover, you may want to try different local cuisines and go to different events. You don’t want to be the person that brings your travel buddies down because you cannot afford entry into a club.
These are a few things you have to consider. Happy planning!
The following is a list of courses that I have taken from the EdX platform as an introduction to investing and critical thinking.
1, Personal Finance from Purdue University
This is an introductory course to personal finance. It is good for people who have no experience doing accounting courses. The course is simple and easy to follow.
2. Financial Analysis for Decision Making from Babson University
The financial analysis in this course is in the point of view of a business. However, it works for one person as long as the individual treats themselves like a business.
3. Corporate Finance
This course is a bit advanced. It is important to have basic accounting knowledge. I particularly liked the section that helps re-evaluate investment decisions using the Return of Investments.
I meant for this blog to show how confusing it is to start investing. I wanted to portray an upward progression. A progression of me, the beginner investor, initially receiving cents, as returns to my investments, to dollars, to hundreds of dollars. I wanted to show the other side. The real side. The chapter 1 instead of the chapter 20 we see portrayed by our idols. I am very ambitious.
I have done myself an injustice and limited my creativity to a few uninteresting topics that even I, as the author of this blog, would not read. This blog has the potential to be more than what I had initially envisioned. This upward progression could apply to anything. Learning how to write, learning photography, everything. Clueless Investor has the potential to include an array of topics.
My introduction to this blog forced me into a corner because I made a vow to only talk about money on this blog. That limitation I had put on myself made writing on this blog more of a chore than a passion.
I will talk about investing for what it means to me, constant growth and improvement. Not only financially but mentally as well. I will talk about chasing knowledge, creativity along with wealth. I will talk about periods of self-discovery. Because constraining myself will reduce this blog to repetitive talk about how the sporadic line showed a downward trend and how miserable that makes me.
I am lucky in the sense that the tittle Clueless Investor encompasses everything I am. A clueless person with eclectic interests. A person who wants to improve and grow. More importantly, a person who wants to learn from others who are trying very hard to “hustle”. I know I am not alone.
I hope no one will hold me to my previous dreams and opinions. I read from Nassim Taleb that the world would be a better place if people were not held to their old opinions. If they changed their minds without the fear of criticism. Without the fear of being seen as absurd. I would never get better if I was expected not to change. Let us aim for never-ending metamorphosis.
Reading The Art of Thinking Clearly: Better Thinking, Better Decisions was eye-opening for me in a lot of ways. I realised that it is absurd to try to rid myself of all kinds of emotions and impulses when making decisions. It is impossible to do that therefore chasing this obsession is futile. Emotion will always be the dominant part of my character. The best I can do is study stoicism.
I felt reprimanded after reading the first chapter. When I started investing, I had high hopes that my success rate would be quick and easy. That I was smart enough to succeed in this world. My arrogance has been knocked down a few notches after being reminded that I have “overestimated the probability of my success”. It was hard to read about the “cemetery”. A place where failed investors who are just as hard-working and as ambitious as I am may end up regardless of how dedicated they may be.
The book is not as cynical as the previous paragraph makes it seem. It serves as a reminder to appreciate the successes that I have and to always remember that I have come far compared to how I was in the past. He calls to my attention the fact that the more successful people get, the more dissatisfied they are with what they have. As we succeed in life, we tend to compare ourselves to people who may be light years ahead of us and forget far we have come to achieve all that we have.
Additionally, I learned a lot about the human flaws and how we can live with them by just being aware that they exist. I have to have awareness that I am biased and fallible. I have to accept the fact that I am shaped by a lot of things out of my control, evolution, the way I grew up etc. It prompted me to borrow Daniel Kahneman, Paul Slovik and Amos Tvesrky’s Judgment under Uncertainty: Heuristics and Biases from the university library because it sparked a new interest on human behaviour.
What I loved about this book is that the author did not claim to have come to some conclusion on how we can better ourselves. I did not want to spoil this book so I barely scratched the surface. There is more to learn. It is perfect for people who are obsessed with cognitive science too. Like I told my friends, this is not a self-help book!