I’ve grown tired of the news flow. I’ve had this feeling growing in the pit of my stomach for quite some time. I ebb and flow between having my finger on the pulse of what is going on in the markets to being quite off the mark. Every time I’m off the mark and I work my way back up to a good understanding and the ability to see everything for what it is, I feel like I shave a few months off my life. Very short term trading (day trading and scalping) or very long term investing can lead to a reasonably stressful, yet manageable, lifestyle. In one you try to stay out of the way of news, and in the other, a single news event rarely changes everything. I’ve come to feel like everything in between those extremes, where most of the real gains are to be had, will kill you. It will literally take years off your life.
I find myself contemplating making moves that I would have never previously considered. The 20 year old version of myself would slap me across the face and call me a sell out. With a reasonable amount of effort I could probably network my way into a decent sell side analyst position within the next year or less. I hate the sell side like a lot of people here, but the idea of simply being a purveyor of information and being paid to build contacts and network doesn’t sound too bad right now. I’d work my way into covering an industry that is all but guaranteed to grow for the next generation (energy, health care, bio-tech etc), maybe pick up my CFA along the way, and use the contacts I’m paid to acquire to transition into said industry. All at the price of not having my finger on the pulse of what is happening in the world. Maybe I’ll even end up doing something useful rather than just critiquing others through reports and stock purchases. Sounds mildly exciting.
I’m probably not going anywhere soon, but I expect myself to slowly fade into the background, if I haven’t already begun to. I LOVE thesis investing and I think I’m pretty decent at it, but lately I find myself reviewing long term sector rotational systems I’ve written in the past and perusing different broker’s platforms for day trading. Scalping a few ticks and throwing any out-sized gains into a long term system that tries to beat the market by a few % each year, while I pour most of my energy into building a more stable career, sounds a lot more comforting than just trying to eat what I kill, with a side order of decent employment.
Most analysts have zero accountability, buy and hold is dead, and day traders/scalpers are like vultures circling a dead corpse on the savanna, waiting to pick up the scraps after the lions have had their fill. And here I am contemplating pursuing/dabbling in all three. Like I said, the 20 year old version of myself would slap me across the face and call me a sell out.
Anyways, just in case this is for real this time and I fall off the planet, I want to thank the Fly for his accessibility and for creating the greatest source of investing information on the net. And thank you to all those who contribute. You have taught me the majority of what I know.