It’s the weekend again! Plans involve going for a friend’s barbeque to catch up with friends on Sat and celebrating our total asset achievement with a nice lunch on Sun. While waiting for my wife to finish her drinks session with colleagues, I might as well squeeze in a post now. By the way, I hope you tennis fans are watching the Australian Open 2018 because I’m looking forward to finally seeing some live matches on TV this weekend. I haven’t been able to do that on weekdays since most of the matches are over by the time I get back home.
As I browsed the financial news this week, it’s hard not to notice the multiples articles on cryptocurrencies. In fact, I see online material on them everywhere now even if I’m not interested in viewing them. They are shoved into my face until I eventually just click on the links to find out what’s going on. Not surprisingly, I see all sorts of facts, opinions and views about them. This has been the case for cryptocurrencies since they became mainstream.
Honestly, I have no idea what’s going on. There’s pieces of truth in everything being said and I guess it really depends on your individual circumstances as to where you stand. Of course, I don’t appreciate being called an idiot for missing out on one of the most game-changing and innovative technological developments in recent history. The next digital great leap forward is happening and I’m being left behind like a fool.
In a way, it’s probably true that I’m slow when it comes to things like that. I always prefer to wait and see. It’s how my wife and I have approached our life, career and money. We are bad active planners but good passive planners. We do a rough plot point in the future of where we want to be but we don’t plan out exactly how we get there. We have an idea of what we have to do but we just go and adapt along the way as we move.
It’s a flexible strategy that allows us to pick up new opportunities along the way but also means we have to be okay with losing out on opportunities that we could have taken advantage of with better planning. This happens all the time for us but it helps that we always try to look forward and not backward. Feeling bad about what we missed out on can have a destructive effect on many aspects of our life.
Back to cryptocurrencies because I’m still seeing my newsfeed being overloaded with related content. I was thinking whether it’s okay for me to come in after the market matures and stabilizes. Maybe when I can actually see the mainstream business applications of their underlying technology in the consumer, commercial and government markets. At least, that’s how I gauge whether a technological development is really that game-changing and innovative.
Do you think that’s possible? Being lazy and still be on-time to profit a little from this? Haha, I know I’m being greedy. Plenty of smart people already make me feel stupid for thinking like this. Not only just about this by the way. I’m made to feel dumb by wanting to just focus on my career, earn a decent salary income, have work-life balance and not worry about building a side-business at the same time to be more efficient. Not enough that I’m satisfied and happy. Must make me feel bad for being like that. Oh well, there’s not much I can do about this. Just leave me behind for now but I will catch up eventually!:)
Have fun this weekend! Prudence is a virtue so being cautious in investing in something you don’t fully understand makes perfect sense. The trade-off? Possibly lower returns due to lower risk, but at least you know what you’re getting into!
Agree with that! I’m okay with lower risk and lower returns as long as I have a large enough capital base. Have a good weekend too!
“focus on my career, earn a decent salary income, have work-life balance and not worry about building a side-business at the same time to be more efficient.” <– You are not alone! There is definitely not need to feel dumb/bad. lol.
Haha, yeah, it’s just that everyone is going on about the new millennial way of doing things – having a full-time job while hustling on the side to build up a business. So much focus on spending a lot of time and effort to build something of your own. While I admire and respect that, I keep wondering what’s wrong with doing it the old-fashioned way and have more time to focus on my family and friends. Then again, I guess when you are successful with the business, you would have a lot more time for that. I get that’s the allure but what’s the success rate like though?