Tales From an Ex TickerTard

Today, I will enlighten you with some tales from a self confessed ex tickertard.

I used to be a big time tickertard, getting thrilled or filled with anxiety with every tick of the market. Typically I’d lose money. Then I became aware of the term “tickertard” on the iBC dictionary, after that I eased up but was still a clinically insane neurotic. Each morning I’d look at my balance and get all emotional about the shit. Looking back it was fucking pathetic and for the most part, I lost money.

It’s fucked up how you invest money you don’t  need for day to day living expenses but stress when shits not going your way. It’s like divorcing your wife each time you get into a fight, then getting re-married with an expensive ceremony when it starts working out again. It’s asinine, ridiculous and straight up ludicrous.  There are peaks in valleys in every part of life, I’m learning the stock market is no different.

Since being on a permanent vacation from a bullshit 9-5 life in the land of wage slaves and over 15,000 miles from the chains that once enslaved me, my accounts have been growing, on their own. The more I buy good companies based on future predictions and the less I intervene, the better.

Everyone is all sketchy about this current rally and when it’s going to have the legs swept from underneath it… I couldn’t care less. With the lessons I’ve learned, I’m scaling into good companies for the long term.  It’s been stressing me out that I have large sums of cash sitting in checking accounts effectively doing nothing for me. Since the gov has effectively roshambo’d the  savers, there is little choice but to place it in the market. Not being in the market now is the equivalence of having a large work force at your disposal but telling them to all go have a smoke and coffee because you, the CEO, fear temporary defeat. If that’s your attitude, maybe you should be out having a fucking smoke and a coffee with the rest of the jokers, no?

Today I bought a bunch of stocks, tomorrow we could start going down again… Who cares. I KNOW in the mid-long term that the companies I’m buying will be around and doing there thing well, as they have been for years.

FWIW, when buying low end budget companies, the compulsion to be a tickertard is greater and for good reason. These companies very well may go belly up and the market cap reflects that. If they were the cat’s fucking meow they’d have a larger cap and trade at a higher price, elementary, no?

Today I bought / added to POT, IMO, BCE, EQIX, RCI, SU.

With that, I’m off to bed, sleeping easy, knowing my money is working while I most certainly am not.

P.S : I will most likely buy MGI at some point. Sure it’s a shit company but they are enabling payments straight to mobile phones. Many people in the part of the world I’m in right now have no bank account or even a place to sleep. They all have mobile phones though. It’s going to happen whether you or I profit from it or not. They release earnings October 30th and 2 hours ago it turns out they have to pay some $18M settlement for a scam. I’m patient and in no rush. Want to see how all this plays out first. Regarding mobile payments, click here.

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