Sim Kaur
๐ค SpeakerAppearances Over Time
Podcast Appearances
I have an inkling that over the next 20, 30 years, or hopefully the next 10 years that the market rebounds and goes up and that I can retire early.
And most people that invest in securities like broad market index funds can hopefully retire early too.
However, none of that is guaranteed, but what you can do are these simple five steps that are going to make sure that you can end this episode and like sleep peacefully at night for the next couple of months, because you know, God willing that that's, that's what we're aiming for right now.
That that's our threshold.
Let's take a little break.
Now, back to the show.
Step one is go no contact.
What we're going to do in the same way that you go no contact with a bad ex or a bad boyfriend or a bad friendship, we're going to go no contact with our investment portfolio.
We are not going to check it.
We're not going to log in.
We're not going to see it.
I mean, I made this mistake every morning.
I checked my portfolio and for the last three days, back to back every day, it has gone down.
And when that happens, you start to then question, should I move things around?
Like my Apple shares were doing really well.
I was like, should I sell my Apple shares to invest more into VOO?
And I was like, Sim,
Sim, we know better than this.
You do not change your portfolio during a down market.