Thank you for joining me in another exciting update from myself, The Crap Trader, or Ian as I’m more commonly known to my friends (I do have some). There is a hint of irony in that first sentence there! This week I’m going to talk about the future, or more specifically my future! It’s a big scary subject, “the future”, though I suspect not so scary for readers of this blog as we are all probably investors of some kind, all doing what we do in order for a brighter future as it were.
I’d been having a think over the past couple of weeks about my own future, what I want to be doing and where and kept thinking “oh well I’d like to be in such and such position (job wise), earning ‘x’ amount” yada yada. Then I had an epiphany, I don’t actually LIKE working! So I thought about what I really want, which is I don’t want to have to work for a living. I want to be able to get up in a morning, and not think about what deadlines I have to meet, or about the meetings I have lined up, or even the dreary commute down the M6 once more. I want to wake up, clear of mind and do whatever the hell I want! With this in mind I started to make a plan, quite simple really, start with what you want to achieve, and work back from there step by step. I came to the conclusion I want to make a living investing, with minimal stress. Now I hear you all say at once “well that’s what we all want”, of course, it’s been my ambition for some time as well, but this was the first time I sat down and worked out exactly what I need to do to get there. So the plan has been made, I now know exactly what I need to do, and steps have already been taken. It certainly won’t be easy, I’m under no illusions about that, things will be thrown at me that will take me off course but I have a plan I can refer to during these times to hopefully keep me on track. I still have a hell of a lot to learn in the markets but I think if I can keep my discipline, stick to the investing rules I’ve put in place, make sure I take the most advantage of good market conditions whilst hiding, I mean being even more disciplined during the downturns and keep learning from my mistakes then you just never know what might happen!
In other news, the football season is back!! I know the Premier League doesn’t actually start until this weekend, but the real football began last week. My team, for all their faults is Port Vale. For those who don’t know, we play in the lowest of the low division before you have to rename as a local pub and hire a pitch from the council. We kicked off our campaign with a real positive however with an away win at Crawley Town, something of a major surprise as I think we’ve only won 2 or 3 away games in the previous 2 seasons! I’m not sure yet how we’ll fair this season as we’ve had a massive turn around in player after a disastrous season last year which ended in relegation. We’d tried to recruit a bunch of unknown foreigners with a foreign manager who then quit on Boxing Day. Anything better than that will be a big plus!!
Please note I am not tipping any shares and would seriously encourage anyone reading this to carry out thorough research on any company they are thinking of buying!!!!!!
Urgh what can I say! This past week started off very brightly with prices moving northwards all round. Then by midweek Trump and Un started their playground antics and the past couple of days have been spent looking at the markets through my fingers! Everything has dropped, some more dramatically than others!
Apart from TAP, TAP is on my good list currently as my only saving grace as it continues to try push on from 400p!
This does of course create some potential buying opportunities, and as I’m adding to my ISA funds a bit more regularly now I will have more cash available going forward. In the meantime I’ll be using this time wisely to test out my discipline and market physcology!!
Not a great deal of an update on my movers and shakers in the markets this time as I’m now going to lock myself in a cupboard, preferably a nuclear resistant one!
Until next time…
Confessions of a Crap Trader is a blog following a regular investor trying to make profit via the London Stock Exchange. Follow his journey as he attempts to hopefully one day pay his mortgage off in full!