Learning to Become a Bored Investor

I’ll admit that I’m about to bare my investing soul about one of my last great remaining weaknesses as an investor:  impatience.  May you benefit from what I’m about to share.  I write this in the shadow of selling my position in Google (GOOGL, GOOG) a few weeks ago after 1 1/2 years of very little activity which, as I’ve mentioned in other posts, hardly qualifies as the minimum 3 to 5 years that a person should hold a stock for.  What happened?  It spiked over 25% within a week of me selling it.

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Keeping Your Sanity in a Market Storm

In another post, I compared the nature of the stock market to an ocean.  Well, days like today are much like the waves on an ocean and also the weather outside my window, very turbulent and unsettled.  In fact, I would say that the market today is quite irrational compared to anything else in recent memory.  For example, how else can you explain stalwart Disney (DIS) making the 2-day drop that it has with really an insignificant misunderstanding in its quarterly report regarding ESPN while the financial disaster known as 3D Systems (DDD) surges over 15% on yet another lousy quarterly report?

I’ll have to admit that days like this that can be hard on me, but only when I start focusing on the trees instead of the forest.  Here are some things that help keep my mind off of the weirdness of days like this and back onto the long-term picture:

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