Track-record Worshipers everywhere
It's that time of the season that we all compare our sizes.
While our fellows are on a rat-race of life, no self-respecting Plunger can deny that we too are on a race: that of the track-record. How did we do in relation to others?
Track-Record Worshippers are very religious.
The majority followers are of the Deity of the Sun, with the Judgement Day occurring every year on the 31st of December as our Earth is starts a new orbit around the Sun. There has been documentation of followers of the Deity of the Moon increasing too, where a portfolio success is judged on a full turn of the Moon on our Earth or every 30 days.
Regardless of the Deity, both sects judge the success of their investments based on the location of the Moon and Sun as regards to Earth. How is this for non-sense? Believe it or not, but it is how the majority of the world judges track-records.
Plungers, I cannot stress enough that time is the friend of the sound investment and while it is unpredictable in the short-term if chosen correctly will yield a satisfactory return in time. So don’t these types judge your success or failure based on deities of the above kind, and give yourself at least 3 years to judge your performance. You don’t have to outperform benchmarks, you have to protect your capital and make it grow.
A Portfolio should be judged on the value it has not what the market price it shows.
Kid Plunger wisely reminds “if you are right about the what, you don’t have to worry too much about the when”.