Re: Trailblazer's Journal
Posted: Sun Dec 30, 2018 10:28 am
End of Year Update
I’ve been taking a ton of career risk due to the confidence that my knowledge of ERE principles has provided such as telling clients I’m not interested in certain projects (something I never would have done in a prior life). One client in particular was aghast, but it actually led to us rescoping the project in a way that is better for both them and me.
I’ve made it 9 months so far with the start up adventure. It is by far the hardest I’ve ever worked. I’m feeling optimistic heading into the new year. Some of the more stressful client situations are gradually getting to a better place, and I still have a strong conviction that I’m working with people that I want to have a long term connection with.
While I’m always open to new adventures, sticking with the current venture for at least 3 years will pay off financially and also in skill and relationship development. I’d struggle to find another activity that requires as much daily real life problem solving.
In terms of net worth I’m at roughly 330K. In other words even for the year (actually down 15K!) Given how hard I worked I feel like it should have grown, but spending has been obscene (6500+ per month, half of that rent) and international value stocks have had a terrible year (I’m roughly 80 percent+ international).
I’m all in on stocks right now (except for about 15k crypto haha I’m not giving up on that). Still focused on global value - lots of GVAL and IVAL with a bit of IMOM thrown in. No idea what the market does next but won’t be selling for at least 10 years. I think this is the right long term approach so will be sticking with it. I can feel myself maturing in terms of handling drawdowns with equanimity, though I doubt I would be so calm if I had no income coming in.
I read the book 100 Baggers by Chris Mayer. If you invest 10K in a stock and it goes up 100x, you will have a million. I’m slowly devoting some of my portfolio to 10K long-term bets. Good inspiration from the quarterly shareholder letter from Maran Capital - I’m invested in several of the same stocks.
Goals for 2019 include lots of reading, continued focus on personal relationship development, and greater physical activity. I still use ERE more as an insurance policy (I can quit work anytime I want as long as I don’t spend too much!) rather than an integrated-web-of-goals-way-of-life, so more work to be done in that regard.
I’ve been taking a ton of career risk due to the confidence that my knowledge of ERE principles has provided such as telling clients I’m not interested in certain projects (something I never would have done in a prior life). One client in particular was aghast, but it actually led to us rescoping the project in a way that is better for both them and me.
I’ve made it 9 months so far with the start up adventure. It is by far the hardest I’ve ever worked. I’m feeling optimistic heading into the new year. Some of the more stressful client situations are gradually getting to a better place, and I still have a strong conviction that I’m working with people that I want to have a long term connection with.
While I’m always open to new adventures, sticking with the current venture for at least 3 years will pay off financially and also in skill and relationship development. I’d struggle to find another activity that requires as much daily real life problem solving.
In terms of net worth I’m at roughly 330K. In other words even for the year (actually down 15K!) Given how hard I worked I feel like it should have grown, but spending has been obscene (6500+ per month, half of that rent) and international value stocks have had a terrible year (I’m roughly 80 percent+ international).
I’m all in on stocks right now (except for about 15k crypto haha I’m not giving up on that). Still focused on global value - lots of GVAL and IVAL with a bit of IMOM thrown in. No idea what the market does next but won’t be selling for at least 10 years. I think this is the right long term approach so will be sticking with it. I can feel myself maturing in terms of handling drawdowns with equanimity, though I doubt I would be so calm if I had no income coming in.
I read the book 100 Baggers by Chris Mayer. If you invest 10K in a stock and it goes up 100x, you will have a million. I’m slowly devoting some of my portfolio to 10K long-term bets. Good inspiration from the quarterly shareholder letter from Maran Capital - I’m invested in several of the same stocks.
Goals for 2019 include lots of reading, continued focus on personal relationship development, and greater physical activity. I still use ERE more as an insurance policy (I can quit work anytime I want as long as I don’t spend too much!) rather than an integrated-web-of-goals-way-of-life, so more work to be done in that regard.