I am now back in our local tiny island after spending a week away from the hustle and bustle of repeated weekly task. Even though the trip was still somewhat related to work and I still had to engage most of the time during the day attending meetings and discussions, and spending time responding emails during the night, I feel much refreshed coming back to work, perhaps there are learning takeaways that I get during the trip which I can utilize.
During the past week, I also had the chance to dispose my addiction towards digital distraction away from the normal routine. Technology is so pervasive and everywhere in our lives that it can be difficult to put down your laptop or stop responding to the text messages in your phone once you get into the rhythm. I am glad I was able to do so during the trip.
My active approach to investing means that I usually would require frequent contact and checking the news on either the individual company itself or any big macroeconomic news on a much required basis than passive investing. At times, it does get to a point where it can get really tiring and taxing to the bodies, as much as I love the process of doing so. This makes me rather doubt if I am still going to do this 10 to 20 years from now.
During the week I was away, I realized that I didn’t have to do all those to sustain my active investment approach. I literally skipped all the macro news that happened during the week, stopped checking news and prices of the companies I owned and those in my watchlist, refrained myself from discussing on topics about investing and finance and many more. Okay, I did admit that I checked in for the quarterly performance on FCT but that was all about it. At the end of the day, I liked what I was doing and I think looking back perhaps investing is something that has taken over the majority of my life which is also a good thing because it makes me who I am today. But it does require some consideration especially moving on 10 to 20 years into the future.
A couple of fellow friends and bloggers (for example Lionel, Mr. 15hww) has started or recently switched their investing strategies based on simple portfolio allocation between stocks and bonds and for their stock components, they have advocated an ETF in favor to individual stock picking. I think the idea is rather straightforward and the purpose for doing so is they would rather spend their time on doing other things than researching individual companies which can be really taxing to the physical and mental. Perhaps this is something I would consider doing once I get to a stage where my other priorities would take over and I have lesser time to spend researching on individual companies. But let’s see where it takes me once I hit the future.
What about you? Do you spend most of the time engaging in investing activities? Would you change your strategies if you had other priorities that eats your time in the future?