Jeff Moden wrote:
I don't know... if you consider that 100 hours is probably outside of your normal work hours and you spend 2 hours of the 100 every day on weekdays, that would take 10 weeks (2.5 or so months). That's a shedload of time to be messing around with something that either isn't going to work or that you're going to hate even if it does work.
And that doesn't include travel time.
I'd rather spend the time on something that I already know works very well and that I really like.
Well, I think life is pretty much like that. If you just hold bonds, you usually get some regular interest (salary, benefits, vacation) and you sort of hold your own considering inflation. But to really get ahead, sometimes you need to reevaluate your holdings and try for better performance with some new stocks. There will be good times and bad. It doesn't always work, but at least you tried, and next year may be better. That's what is called a 'diversified portfolio'. The real growth comes from diversification.
I remember years ago I had savings that were paying a whole five percent. Pretty safe and solid. But on the side I would buy 100 shares of Lotus Development Corp when things were quiet ( "time outside normal work hours"). Couple weeks later, it would be up two or three bucks, and I would sell, wait for things to drop, and buy in again. It was pretty regular and I had several years when I more than doubled the investment each year.
When I got out of school, I had a degree and got a job in my non-technical field. And things were OK. But then I discovered computers and software, and decided to make the jump into something I knew nothing about - we didn't even have courses in IT at most colleges in those days. First, just for trying something new I won a 40% salary increase. This was good. So I set a goal of increasing my skills and doubling my salary in three years. This goal was accomplished in three years and three months. Sure, along the way there have been things I liked and things I didn't like.
Current skills are like bonds - usually steady and somewhat predictable. New skills are the stocks. Some perform and some don't. But you can't sell what you don't own.
The only thing worse than being an influencer
is believing one.