On Sharemarkets

I met up yesterday with a few friends who have also gotten into the sharemarket recently. We shared our resources such as books, podcasts, movies on what we have been using to learn more about the stock market and what we have heard in our ‘research’. We discussed what we should buy, what we have bought, and what we are thinking of selling.

Who would have thought I would have been interested in the stock market 2 years ago? It always seemed ‘too complicated’ for me and seemed like an ‘adult and foreign’, risky and troublesome area to get into. I stuck with safe things like Bank Long-term deposits, saving accounts, and just worked and tried to save as much as I could.

Low risk = Low returns. That’s the way life is, if you don’t take a risk then you are less likely to gain more. Yes, the stock market can be quite volatile… the cost of something can swing depending on what time of the day it is…and it can seem like you are losing Or gaining a lot of money in a short period of time. But the truth is, you aren’t gaining or losing unless you sell the stock. You can keep holding onto a stock in the hopes that it will rise up once again. ..or alternatively you can choose to sell it and lose less than you woudl have if the company takes a downturn and becomes worth next to nothing.

I guess there is always going to be a risk in every you do. I have heard it being said a few times, “It is not about the timing of the market, but the time in the market”. 

You can only start earning when you start investing and building, growing and diversifying. But I think at the same time, you should always have an emergency fund of money to access in case something like a loss of income should occur,

How to be comfortable #forever alone

There are going to be times where you will be alone, whether driving to work, going on work vacations or if you don’t know anyone in a social situation…or even during Covid lockdowns. I think it is always useful to have something to do in case you have time to kill and don’t want to waste it.

1. Have a piece of technology with you at all times…most likely at least your phone…so you can use it to surf the internet, use social media, or write ideas for future blog posts…

2. Have a book to read…Whether a light novel, autobiography or whatever. It is perfectly acceptable to sit somewhere to read, you would less uncomfortable with a book than without. Can even read manga or ebooks from your phone like Webtoons! Or listen to books being read out loud on Audiobooks etc.

3. Have some good music to listen to. Emo music is great.

4. Get a pet. Dog, cat, fish, or turtle etc. Even plushie or bolster is fine. xD. Anything you can cuddle really….

5. Learn how to play an instrument..but don’t spend too much on your first instrument xD you can learn from Youtube videos.

6. Just learn to love yourself and to love the friends and family around you. You can do this with the help of Apps, self-health books, psychological services, or just spending time on yourself.

7. Maybe get a plant? But only if you can keep it alive, nothing is more depressing than a dead plant in the house :(.

8. Watch online streamers or even start streaming yourself! Maybe a good way to connect with other people or make new friends.

9. Get into the stock or share market!! Why not use all that spare time you have being single and grow your investment portfolio and become a bit more well off than you are now. Also look into your Super Fund and see if they are really growing your supperannuation for you or is it time to choose a different option for yourself.

10. Work out and get yourself the best body you can have! Go to the gym as much as you can, get fit, and get healthy..or play a sport, like badminton!! I guess this is good for making friends and socialising as such, if your area let’s you go back to indoor spoorts that is.

I am guessing the reality of these things I listed is because when you DO eventually get into a relationship, you most likely will have less time to yourself and to do what you want. Why not make the most of this single prime time and make it your time..

-#Foreveralone

Life is a game analogy -Part 2- Sushi Go Party

 

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Have you heard of this game? I recently played it with some friends over the Easter Long weekend that just passed! It’s actually really really fun…even though I am incredibly bad at it. 

Despite its initial deceptive cuteness and looking like a light hearted game, it can soon become very competitive as we try to win the race to the be the first at the finish line and you also need some sort of maths skills to add and subtract in this game. Upon reflection after playing this game, I believe that this could teach me, and maybe you a life lesson or two.

Before getting into that, I will explain how this game works, for those who haven’t played before!

Each player starts off with seven cards in their hands, then when the game starts you put  down one card you want to keep and pass the rest of your hand to the person on your left. You receive a new hand from the person on your right…and you repeat..choose a card and then pass the rest on. The round finishes when every one has put down 7 cards and there are no more cards being passed around.

The cards all represent different amounts of points you can get or lose and the description of their points is at the bottom. For example, if you have two tempura cards-you get 5 points (if you just have one you get nothing). There are also eight rules that have been decided upon at the start of the game-that is in the middle of the board. These rules decide how much special combinations of cards are worth…also there are also rewards and penalties for having the most of a card or the least. For example, in our first round we had a rule in which the person who had the most Pudding cards got 6 points, the person who had the least had six points deducted off their total score in a round. In another round, we had a rule that who ever collected four special cards over three rounds would get 12 bonus points.

Upon reflection, I think this game can teach you about spending, saving, and thinking about investments. It might be a long stretch, but it requires you to have to think, What is the best way, with the least risk to get the most points.
In real life, I guess we are playing with money, stocks, shares and other investments. There’s a risk that we will lose out if we don’t have insurance or cover for a particular thing… Just like when you see a Pudding Card come around, you have to think is it worth taking one, just so that you might not be the one with the least amount of pudding cards and get six points deducted, or whether or not you take it, it will happen anyway? In life, we have also have to think and consider, should I get health insurance or car insurance, just in case something happens that I do not foresee and I suddenly have to fork out a huge amount of money? I could be winning by purchasing health insurance and actually use it when needed, or maybe I might be losing money as I never needed it…

While I was playing the game, I was quite defensive and not totally confident. My strategy was to try not get points deducted as much as possible…However, I think this is one of the reasons why I did not do so well; in retrospect. I was so focussed on not losing any points, that I actually didn’t gain any or many points. ..I think for a very big proportion of my life has been spent trying to avoid bad things from occurring… Not trying this incase it doesn’t work out, too scared to do that because what if I get hurt…Not willing to take risks on investment, incase I get scammed… I was just so worried about what might happen, that I forgot that if I focused on getting more points in the first place, those deductions would not have made such a great difference either way. Having no points at all, is like trying to survive without money in the real world…:(

Yes, its a risk to get out there and try…Why? Because you might fail. Because people might laugh at you for trying. Because may try to make you feel like you aren’t enough.

But, you know what? The jokes on them, because you took the risk, you might win big and win the game in the end. (Or you might not, but we don’t talk about that.. ) 

If you have a chance~ Go and and Play Sushi Go Party*~

*Warning- Does require at least primary school maths skills levels to play..*

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