The Billionaire Investment Guru within Me Called Billy

by David Ning · 6 comments

Billy always convinces me to buy and sell stocks at the perfect time.  He must be a billionaire because he always asks me to give some of it up as he probably doesn’t need anymore.  When there is a selloff in stocks, he tells me to follow because that’s probably when the market is at its bottom; while the opposite is true too because he always tells me to buy stocks when everyone is optimistic, signaling a top in the stock market.

A few years ago, 2003 to be exact, Billy told me “It’s time to sell your stocks.  Look at your negative returns.  Cash out your index funds because you should put your money somewhere else.”  He is really good because the next few years turned out to be great for the stock market.  A couple of days ago when everyone was selling stocks, he tries to convince me again to sell because we needed to join everyone else.  He must’ve seen yesterday’s big move up coming.

Billy is truly my friend because he doesn’t want me to suffer the pain that I endure because my stocks are going down.  So, when fear is at its maximum signaling a bottom, he convinces me that I should sell just to get me that temporary relief.

Today though, I decided to start ignoring Billy.  Although I appreciate his friendship and advice for the past 20 some years, it is not making me rich.  In fact, even though he’s a billionaire, I’m still working hard for a living.  I have most of my life ahead of me, and I cannot keep listening to him anymore.

I need to think long term for my investments and ignore market fluctuations.  I want to be wealthy, but not busy.  I want to live happily, and not miserably.  I need to stop being silly, and definitely not listen to Billy.

—-

This is an entry for Moolanomy’s personal investing story book giveaway.  Head on over to find out how to win one of five investment books.

Editor's Note: I've begun tracking my assets through Personal Capital. I'm only using the free service so far and I no longer have to log into all the different accounts just to pull the numbers. And with a single screen showing all my assets, it's much easier to figure out when I need to rebalance or where I stand on the path to financial independence. They developed this pretty nifty 401K Fee Analyzer that will show you whether you are paying too much in fees, as well as an Investment Checkup tool to help determine whether your asset allocation fits your risk profile. The platform literally takes a few minutes to sign up and it's free to use by following this link here. For those trying to build wealth, Personal Capital is worth a look.

Money Saving Tip: An incredibly effective way to save more is to reduce your monthly Internet and TV costs. Click here for the current Verizon FiOS promotion codes and promos to see if you can save more money every month from now on.

Related Posts

{ 6 comments… read them below or add one }

Pinyo November 28, 2007 at 9:31 am

Thank you for participating in the contest. Very creative story. :-)

Reply

Money Blue Book November 28, 2007 at 11:25 am

I prefer to listen to my pal “Dollar Cost-Averaging.” He tells me that so long as I have a long term bullish outlook (5-10+ years)I should buy when the market tanks and keeping buying even as it keeps going down. It’s worked very well for me since 2000. He is so smart :)
-Raymond

Reply

ningpo November 29, 2007 at 1:29 am

so long as we are all smiling it must be good. so how do we reach the people who need to read this. somehow, the seminars, blogs and courses are filled with people who already know the stuff. should we have ads on the credit repair sites or sites contributing to a lot of peoples demise, by stimulating bad finacial habits? keep up the good work.

Reply

Ray November 29, 2007 at 12:57 pm

I think Nigpo has made a really valid point that ppl who already seem to know visit blogs and seminars.And i tottaly agree that ads should be put up at credit repair sites.

Reply

Martin Saenz November 29, 2007 at 7:41 pm

Based on the nagging, I assume Billy is a male:)

Martin

Reply

Mark @ TheLocoMono December 4, 2007 at 10:29 am

Terrific story. You should write a book about Billy.

Reply

Leave a Comment