I flunked New Year’s resolutions
moneyrelations :: Dec.31.2007
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Hmm, New Year’s Eve. A no-brainer topic would be my financial/blogging goals for the upcoming year.
I don’t have any.
Well, that was easy.
And short.
Perhaps I should expand more.
Being a new investor and blogger, I’m finding great parallels between the two “disciplines”.
There are numerous get rich quick Internet schemes to sidestep. Most of these remind me of the latest stock tip from your uncle’s co-worker’s second cousin’s (soon to be ex) brother-in-law.
So scratch the get rich quick ideas. To be a successful blogger, you need the foundation of great content. Translate this into the investment world, it’s probably a portfolio of index funds or ETFs.
That’s all well and good but we want an immediate return on investment. Despite the numerous blogs that fall by the wayside or the “can’t miss picks” that have gone bust, we believe we can be the next Warren Buffett or the next Problogger.
I guess that’s the human stupidity spirit.
But hold on, just because most individuals don’t reach the heady success of those mentioned above, it does not mean the effort is not worthwhile.
Here’s where I come in with my blog. I like to experiment and try new things on my site. I don’t go through the “traditional” methods to build stats and readership.
Same thing goes for my investments. I love to learn and I like to apply that knowledge. I will be trying my swing trade strategy again and also trying options trading in the new year. Obviously, the goal is not to lose money but it’s okay if I do. You can’t always sit on the sidelines.
So that’s why I’m a New Year’s resolutions drop-out. I have no goals or expectations. It’s going to be a year of learning and experimentation. However, I believe that my baby steps in both my blogging and investing endeavors are in sync and heading to the right and up. Like anything else in life, I just need the discipline to keep at it and not focus so much on numbers.
So Happy New Year, everyone. May you all have the discipline to attain your dreams.
Blogging, Holidays ::
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Options trading has recently grabbed my attention as well, after I made the brilliant decision of buying Etrade at $5 after it declined 60% now it’s hovering around $3+. It’s frustrating to say the least but it’s a learning experience for sure. Keep us posted on the options front. Happy New Year!
forgive my Freudian observation, but is that a red pen in CPK’s hand? I though red is a bad color in money circles
I have also learnt that if you don’t have expectations you don’t get disappointed, but occasionally you will get a nice surprise. akemashite omedatou (happy new year)
happy new year money-relations … cheers
Sounds good to me - I’m not a “goals” kind of guy (except when I’m playing hockey of course…and even then - not really).
Here’s to no goals for 2008!
Mike
@ hsl
Well, when you lose money, it brings the lesson home more. Hey, the pros lose money too and I still firmly believe it’s like a poker game. You can’t win every hand but the idea is to win more than you lose.
@ Paul
The fact that the pen matches her red hair ribbons and shoelaces trumps EVERYTHING
Seriously, these photos were taken when I had a photo comic going in a CPK MSN group. I’ve got tons of pics and if they can work in the context of the article, I put ‘em in - cuz I like ‘em and they’re cute. I’ve threatened to unleash a full series on Money Relations before
@ StockTube
Hey there ST, thanks for stopping by and happy holidays!
@ Mike
Yay for being goalless! Am I pushing the pf community envelope by being goalless and buying my lunches?
P.S. I just went back to your blog and noticed a recap from your weigh-in. “Shooting Down Goals” was a great article but lands you in the penalty box with me, buster.
Best wishes to everyone for the new year!
Thanks for the recommendation on Entrecard! And btw, I think you do have a New Year’s resolution, which is to “learn more from experimentation.” I think that’s a noble resolution that takes a lot of guts, and will only make you stronger as an investor, a blogger, and a person. So congrats! IMO, a resolution doesn’t always have to be a goal. In fact, I think they’re more powerful (and useful) when they are simple sentences that help you focus on one specific way to improve your life, by challenging yourself.
Like mine, for example is that people will throw money at me this year (Idiomatically, not literally, because I’m not planning to start stripping). I don’t know how I’m going to make that happen, but the simple process of thinking about it, will force me to focus on ways to make it happen. And already it’s working, because I woke up today, on the 1st with a recommendation from you… Which on Entrecard is a form of money. So we’re both off and running! Thanks!
You’re on thin ice! haha.
Yes, I guess the weight loss thing was a goal - but I promise that was the only one!!
Mike
At 11pm on New Years Eve someone asked me what my resolutions were. I forgot to make any. Maybe they are to… remember new years resolutions next year?
@ Monique
Hey, you’re welcome and the recommendation was well deserved! I really liked your site.
Now, I think about a lot of things but most of them don’t get realized but with this blog, at least it’s “tangible”. I hope it motivates me to keep on learning financially!
All the best, and I’ll be dropping by to see what movies you’re watching!
@ Mike
I forgive ya for the Brip Blap goal commitment as that’s not New Year related
Your 2 minutes are over 
@ Anthony
LOL, well, you’ve got plenty of time to start thinking now!
Since I never could keep one, I just decided skip the pretense and not lie to myself