Fucking Financials
In this new organizational phase of my life - which seems to come along about every nine months or so - and generally only lasts for about 6 months.... but whatever that's a different topic all together...
This financial organization/investing/whatever you want to call it is effing difficult. There is a ton of advise out there. Most of it crappy. A lot of the advise doesn't apply to me because I'm too young. It seems like there isn't much advise out there for young investors other than "start early." Thanks retards. I got that one early on. I knew it was important to invest for retirement. My parents did a good job of banging that one in to my head. However, I never really got those lessons that are just as important in investing. Stuff like how much you need to save, how to invest it, mutual funds vs. stock, asset allocation, risk acceptance, load, fees, complicated tax law.
I'm going to need a good tax person. Anyone have any suggestions for MA? How do CPA's work? Are they only licensed in one state or is it like a national test or something? I have a couple people in my family who do accounting type stuff - or work at places that do it. I don't really care if they know how much I make - I just want to help minimize my tax burden so that it doesn't take so much time to make up the difference in returns. Selfish of me huh?
Maybe I am a really selfish person? I tend to go whole heartedly after what I want. Unless what I want conflicts with one of my loved ones - then I tend to feel extremely guilty even thinking about asking them to do something that may have the potential to not benefit them. It would be like asking a loved one to do something that you know is going to make them unhappy; I just couldn't do it. I would rather suffer than watch someone else. It's less painful.
I tend to agnoize over decisions before I make them. Once I make them though - no regrets. Go big or go home, right? So it takes forever for me to figure out what I should invest in, what the asset allocations should be, etc. It litterally takes me weeks and weeks of reserach. I'm a little crazy.
Not as crazy as my father who told me the other day that I should only invest in bonds right now. That's like the exact opposite principle as what everyone tells you. You know you are supposed to buy low sell high - not buy when the demand is through the roof because everyone else is buying. It just doesn't work like that. You can't go with the masses and make money.
Hopefully after this weekend I will have a better financial plan. I worked on it a lot last weekend but never got a concrete plan together. I got the big picture last weekend - now I need to fill in the details this weekend. Sounds super exciting doesn't it?
I might pass out candy tomorrow. I have to figure out what the trick or treating hours are - and I have to run to the store to pick up stuff to pass out. Sorry kiddies - but you are getting the left overs if I even get to the store soon enough to buy some candy to pass out. I do want to see you in your cute little costumes though. I'll suffer through the cold for a few hours in order to see you running around like little pirates and ninjas. They are so cute when they're not yours.
This financial organization/investing/whatever you want to call it is effing difficult. There is a ton of advise out there. Most of it crappy. A lot of the advise doesn't apply to me because I'm too young. It seems like there isn't much advise out there for young investors other than "start early." Thanks retards. I got that one early on. I knew it was important to invest for retirement. My parents did a good job of banging that one in to my head. However, I never really got those lessons that are just as important in investing. Stuff like how much you need to save, how to invest it, mutual funds vs. stock, asset allocation, risk acceptance, load, fees, complicated tax law.
I'm going to need a good tax person. Anyone have any suggestions for MA? How do CPA's work? Are they only licensed in one state or is it like a national test or something? I have a couple people in my family who do accounting type stuff - or work at places that do it. I don't really care if they know how much I make - I just want to help minimize my tax burden so that it doesn't take so much time to make up the difference in returns. Selfish of me huh?
Maybe I am a really selfish person? I tend to go whole heartedly after what I want. Unless what I want conflicts with one of my loved ones - then I tend to feel extremely guilty even thinking about asking them to do something that may have the potential to not benefit them. It would be like asking a loved one to do something that you know is going to make them unhappy; I just couldn't do it. I would rather suffer than watch someone else. It's less painful.
I tend to agnoize over decisions before I make them. Once I make them though - no regrets. Go big or go home, right? So it takes forever for me to figure out what I should invest in, what the asset allocations should be, etc. It litterally takes me weeks and weeks of reserach. I'm a little crazy.
Not as crazy as my father who told me the other day that I should only invest in bonds right now. That's like the exact opposite principle as what everyone tells you. You know you are supposed to buy low sell high - not buy when the demand is through the roof because everyone else is buying. It just doesn't work like that. You can't go with the masses and make money.
Hopefully after this weekend I will have a better financial plan. I worked on it a lot last weekend but never got a concrete plan together. I got the big picture last weekend - now I need to fill in the details this weekend. Sounds super exciting doesn't it?
I might pass out candy tomorrow. I have to figure out what the trick or treating hours are - and I have to run to the store to pick up stuff to pass out. Sorry kiddies - but you are getting the left overs if I even get to the store soon enough to buy some candy to pass out. I do want to see you in your cute little costumes though. I'll suffer through the cold for a few hours in order to see you running around like little pirates and ninjas. They are so cute when they're not yours.
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