This is the Final Bit of a Series of Blogs on this Subject which have been very highly praised (up until this one anyway which might be a total let-down) and if you have not read the others there are links to them here:
Stage 6 - 2018 Onwards - Where next?
I can only write this Section with the thinking I currently have with regards to how my future Learning is going to pan out and to focus on the elements that I am putting my efforts into as we speak or things that I have made a conscious decision to address in the near future. As Readers may have realised from what I have written so far in this Blog Series, there have been several times in my Investing Career where I have flatlined or been unable to instantly find a new direction - but as things turned out something always came up and re-invigorated my motivation and drive to keep on Learning and, more importantly, improving.
With what I have just written in mind, here is my current thinking on where my Learning Efforts are going to be focused in coming years, but I am sure the reality will diverge from this somewhat:
A major point that leaps out at me from creating this Blog Series is the idea that our Learning about the Markets seems to be an ongoing thing but it is in no way a ‘Straight line’ of improvement. I would argue from my own experience that it has been more of a Staircase - with periods in my Investing Career where my Learning has accelerated and other times when it has really flat lined or plateaud. Fortunately I am most definitely in an upwards phase at the moment and I am very fired up about my Investing and doing my day to day stuff - I suspect the WD thing is a big driver of this and all the interactions and discussions on Twitter are a big help at keeping me involved and not bored. Long may that continue !!
The reasons for such a Learning Staircase are not necessarily clear but from reading my own history Readers might be able to figure out how certain Stages took place. Obviously when I left Full Time Work my Knowledge could accelerate massively because I had the available time and the motivation at that point to do it. However, at other times I have lacked motivation and obviously starting the whole WheelieDealer thing fired up my enthusiasm again and it gave the added bonus of access to some amazing Investors and Traders from which I was able to borrow ideas and learn from their success, and be able to discuss various ways of doing things with.
Twitter has been a marvellous addition to my Investing activities and given me the chance to meet so many superb Investors and simply just quality People - but I need to be aware of ‘Cutting out Noise’ and I must make sure I control how I use Tweets and get the ‘Work/Life’ balance at an appropriate level. Overall I think I have this about right now.
I hope Readers have found my Investing Journey both interesting but also helpful for their own ‘Roadmap’. One thing I must add is that I now understand fully how important it is to strive for Simplicity and Calmness and Rational interactions with the Markets - I have no doubt that at the stage I am at now I am much more Relaxed and it is easier in every way in terms of the whole Emotional and Psychological side of things - there are clearly things all Investors/Traders can do to improve on these aspects but the sad truth is that there is probably little substitute for Experience and Robbie actually says as much at the start of his Shark book.
Indeed, when I think about the distance I have come from the early days and all the stupid errors I made to where I am today it really is an enormous difference - but I think this is something most People can achieve if they focus on what they are doing and stick to what works. I am lucky to be at the stage where I am doing enough things right that I can make the kind of Money I need in the manner in which I wish to do it and I am critical and objective enough to be able to spot weaknesses in how I do things and am prepared to look at ways to address these elements - my current obsessions are around ‘Cutting out Noise’ and paring things ‘Back to Basics’ and obtaining Simplicity.
To get perhaps a bit more colour on my Investing Journey then if you go to the Homepage of this Website then you should find a Link to a load of YouTube Videos where I was interviewed by www.financial-spread-betting.com which you might find useful.
OK, that’s the end of the Series - it is has been a long slog for all of us but it is comforting to know we got through it together - bit like WW2 but without all the Blood and Guts (there might have been a fair bit of Sweat and Tears though - there certainly was for me.)
Oh, I have also been working on a new ‘Project’ which I think Readers will quite like - keep your eyes peeled cos something could appear very soon….
Here is the Rules/Parameters:
Bear Market blog:
And another short one:
TopChop one (links to earlier bits at bottom):
Welcome to my Educational Blog Page - I have another 'Stocks & Markets' Blog Page which you can access via a Button on the top of the Homepage.
Please see the Full Range of Book Ideas in Wheelie's Bookshop.