I’ve thought a lot about how to best approach this blog and helping ensure I’ll actually get off my butt and do something (Goal #1: See About IH post). My initial thought is to choose two to three strategies or investment methods to apply to different accounts. This will allow me to try different things simultaneously, while also providing a little more benefit to others by offering strategies that fit different styles and personal interest.
Also, I have run across a couple of strategies that I don’t feel super comfortable with, but I’m interested in trying because of the technology they utilize. I’d like to always have at least one more conservative method or account that represents a more traditional approach to investing.
I was thinking about starting with $1000 in each of 3 different accounts and tracking the following broad things on a frequent (possibly daily where appropriate) basis:
- Current account balance
- Up to date profits and/or losses
- Amount of time spent employing the investment method
- General feelings about the strategy overall
I’m happy to consider alternatives to this style if anyone wants to weigh in. I’d also be interested in hearing what others are trying or would like to see tried on this blog.
Hello, my name is Ryan and I’m a hype addict. I’m literally a sucker for hype. I get hyped up when people talk about how much money they make online. I buy into the hype of untold riches with little to no work every day (I probably should mention I like taking the path of least resistance whenever possible). The hype of investing and how much money people make in the stock market also gets me. Add to that my tendency to be an information collector with little to no action and I’m a walking recipe for disaster.
This blog is serving several purposes for me:
- To provide some accountability for my resolve to TAKE ACTION. I don’t want to be an information collector any longer. I want to take advantage of my enjoyment of tinkering and learning as I go.
- To chronicle my real world experiences as I learn about investing, figure out what methodologies work for me, and evaluate what hype is actually valid and what isn’t.
- To provide something that is hopefully valuable to others and encourage them to take action along with me.
Worth mentioning is a little background about myself. I’m not a rich guy and I know less than many about investing. I was a Junior High youth pastor for almost 10 years before starting an IT business that birthed a web development and hosting business a couple of years later. I’m still involved in both.
I’ve always liked the idea of investing money and the stock market in general. I remember walking into a day trading office about 8 or 9 years ago and seeing all these dual monitor setups spread all over the place with lots of charts, numbers and graphs moving all around on each monitor and becoming giddy with excitement at the thought of day trading.
So far though, I’ve not done more than trade a few times through a couple of online accounts, made a little money, lost a little more money than I made, and read some books on investing. So anything I chronicle on this site will be my real world results and thoughts from a novice investor. Take it as such.