Exactly. In my view, the stock market is simply a way to boost returns on my savings over what a bank acct pays.Originally Posted by Causalien
Exactly. In my view, the stock market is simply a way to boost returns on my savings over what a bank acct pays.
I view the market as a way to beat inflation and build passive income.(and delay/reduce taxes....even a few losses can have a benefit against my income earned in my year to year business income)My plan is to hold long-term.Ie:if i hold td bank stock for example( 25 yrs i will get 100 dividend checks)capital appr ect is secondary to me(of course i don't want to lose $).........I'm playing against myself(the donald benchmark)And my stock market portf is secondary to my real income driver-my business.
I have no delusions of being the next buffet(nor would i even want to be)Just building a semi passive portf(mostly the big blue chippers)and hopefully when the dust settles i will be O.k-I feel just good having a plan in place,working my plan-better than no plan and way better than hisa or gic's.
I'm sure i will evolve with my investments(education/expierence ects as time goes on)
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