Finally just found my investment account password, which I lost 10 years ago... Found out I have double the money vs. if I didn't lose it...Should I 'lose' it again for the next 10 years;)? From DALBAR (financial research company) individual investors continue to shoot themselves in the foot due to timing and behavior (and too much TV watching - my comment), making about half in returns (~4% annual) of what the market (S&P 500 ~ 8% annual) did in the last 10 years. Longer periods are even worse for the individual investor.
What if we self-disciplined ourselves ala 'Ulysses with the Sirens' episode, where he told his men to tie him up and not untie him (even if he said so) when they went past the Sirens. "Losing your password" (on purpose) could be one method... What other self-disciplining methods have you used or would you like to use (to keep you on goal, not just investing)? Top 3 methods will get a shot-out and a free one-on-one 1-hour session talking about money/investing/RVing/minimalism, anything or nothing at all... Comment below.
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