WHAT IS A CORPORATION?

[Reef_Geek]

should probably mention, we have different investment horizons.

I am still in my wealth accrual phase trying to ensure a retirement, whereas you're already there and have no need for debt.

[Reef Pilot]

Originally Posted by Reef_Geek

should probably mention, we have different investment horizons.

I am still in my wealth accrual phase trying to ensure a retirement, whereas you're already there and have no need for debt.

Yeah, the big advantage you have is you can be aggressive with your investments (just don't be foolish), and can even afford a major mistake or two.

I still remember well the day, I lost more money in a single stock (very bad earnings surprise) than my house was worth at the time. That was painful. But I had it coming, as I was getting far too aggressive with my investing and putting all my eggs in single baskets, because of past successes. Needless to say, I became a lot more conservative (and disciplined) after that and diversified more. Amazingly, though, I still came out ahead that year, despite that big loss. I have had many losses since (not big ones, though), but none have hurt more than that one.

Anyway, I am very much the opposite now, and more of an opportunist if something looks really good. Plus I day trade a bit, just playing momentum. I worked too hard for what I have now, to risk losing it...