Investing in the stock market used to be hard work and lots of worry for me. I analyzed stocks, read reports and investment newsletters, and looked for value opportunities. I had to decide when to purchase and when to sell, which resulted in some anxiety when the stock when down after purchasing and rose after selling. It was like having a stressful job.
Recently, I have changed our investment strategy to focus on creating a monthly "retirement paycheck" through dividend and interest payments. This has reduced the pressure on me for choosing the best stocks for capital gains and deciding when to buy and sell. Whether I make a right or wrong decision (either the stock choice or when to buy and sell), it has little effect on the monthly "retirement paycheck" we receive.
Now I consider buying and selling stock for capital gains like entertainment. I set aside a small amount of funds that can be used for this purpose. If I make gains, great. I end up with losses, that's OK too. Best of all, I can buy and hold comfortably and have fun watching the stock going up, hopefully.
This is not financial, stock picking nor stock investment advice. Please consult a professional advisor.
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