Jan

4

Take Days Off, from Jim Sogi

January 4, 2016 |

 When they proposed the four day work week, a number of workers exclaimed, "Hey, we don't mind working the extra day!"

Jokes aside, I've noticed a number of recreational retail companies closing for Black Friday (REI), closing over the holidays (Oakley), even doctors offices. Is this a sign that the younger generations do not feel the need to show up early, and wait until the boss leaves, that they value their independent lives over work, that there is more to life than money?

Speaking of overwork, this year I've made fewer trades, with months off between some, yet made more than in years were I've overtraded. It can be debilitating and negatively affect judgement to stare at the screen all day. My best trade was when I entered a position and went camping, but forgot my security device and was unable to sell. I sold when I got home, whereupon the market continued up for several more days. The few times I looked just happened to be when the market was up, and I did not look to see the dips.

I think there is a lot to be said about not working to much, about working to make work to look busy. Americans are prone to this in the US. After all health is your best wealth in the end. How much money do you need? After a while it starts piling up unspent.

anonymous adds: 

There is a tremendous amount of wisdom is this post.

The only thing that I would add is that the ITOT (Ishares Core S&P Total US Market ETF) now charges an expense ratio of 0.03%. If you have a Fidelity Account, it can be purchased commission free. 3bp and no commission. This is not a typo.


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