I know how you feel about buying options. They feel a lot more like gambling than buying a stock outright. I’ve been thinking about buying calls on NVDA or AMD but haven’t pulled the trigger yet. If I had bought them 6 months ago that would have been great but hindsight is always 20/20. If I buy now they probably will expire worthless.
I have lived all over the world before my wife and I met. After we married, we have lived in multiple states for various reasons. Not once, did we feel these moves were beyond our control or confidence that they would work out to our advantage.
Personal investing (other than the typical 401K route) is another story. We did study and begin investing in real estate, which was very scary at first, but like most things, after the learning curve it was a "piece of cake" so to speak. Some of our family members thought we were crazy! Now, we're living very comfortably with no debt except a very small/manageable mortgage payment. They are not.
"Plus, it’s exciting to think you’re taking the reigns at an age when lots of people you saw come before you started compiling lists of the things they can’t do anymore."
For me, it all comes down to this. I'd rather be "doing" than rattling off what's no longer possible. My mom & in-laws have both been proving this point for my wife and I over the last couple of years. Some of those constraints were out of their control--that's life. But many of them were self-inflicted.
I appreciate these discussions on risk so much. It helps me to understand my own behaviors, and to think how I can make better investing decisions. . . . looking forward to what Ben will say too.
On a pros and cons list, your move to Spain is the only thing that makes sense. With risks, but without question of direction. What you have moving forward is exciting. I am curious to ask, with Melisse's new career, how does that translate into a visa for Spain? Do you have to apply as a married couple, and she will fall under your proven income -being she is changing career?
She will be on the visa as a dependent, however she will be authorized to work in Spain (I'm not). She owns a hair salon now in Los Angeles and will transition into working in art. Exactly what remains to be seen!
I love the way you phrased this - "I feel the need to combine it with some risk taking. By embarking on journeys and experiences I don’t technically need to have that will—as I anticipate—enrich my life and aid my physical and mental health."
So important to keep challenging ourselves - however that looks/whatever that means for each of us.
I know how you feel about buying options. They feel a lot more like gambling than buying a stock outright. I’ve been thinking about buying calls on NVDA or AMD but haven’t pulled the trigger yet. If I had bought them 6 months ago that would have been great but hindsight is always 20/20. If I buy now they probably will expire worthless.
I have lived all over the world before my wife and I met. After we married, we have lived in multiple states for various reasons. Not once, did we feel these moves were beyond our control or confidence that they would work out to our advantage.
Personal investing (other than the typical 401K route) is another story. We did study and begin investing in real estate, which was very scary at first, but like most things, after the learning curve it was a "piece of cake" so to speak. Some of our family members thought we were crazy! Now, we're living very comfortably with no debt except a very small/manageable mortgage payment. They are not.
Right on. It's all about learning, often from (dumb) mistakes, and then using the knowledge to make better decisions with confidence.
"Plus, it’s exciting to think you’re taking the reigns at an age when lots of people you saw come before you started compiling lists of the things they can’t do anymore."
For me, it all comes down to this. I'd rather be "doing" than rattling off what's no longer possible. My mom & in-laws have both been proving this point for my wife and I over the last couple of years. Some of those constraints were out of their control--that's life. But many of them were self-inflicted.
Well-stated. It's sucks. My parents have missed out on so much because of self-imposed restraints. It's sad.
I appreciate these discussions on risk so much. It helps me to understand my own behaviors, and to think how I can make better investing decisions. . . . looking forward to what Ben will say too.
On a pros and cons list, your move to Spain is the only thing that makes sense. With risks, but without question of direction. What you have moving forward is exciting. I am curious to ask, with Melisse's new career, how does that translate into a visa for Spain? Do you have to apply as a married couple, and she will fall under your proven income -being she is changing career?
She will be on the visa as a dependent, however she will be authorized to work in Spain (I'm not). She owns a hair salon now in Los Angeles and will transition into working in art. Exactly what remains to be seen!
I love the way you phrased this - "I feel the need to combine it with some risk taking. By embarking on journeys and experiences I don’t technically need to have that will—as I anticipate—enrich my life and aid my physical and mental health."
So important to keep challenging ourselves - however that looks/whatever that means for each of us.
reasonable educated projections
That is important.
Do the research. Plan early. Whether it is about where to live or how to invest.