Simple Questins to ask
- Is your spending consistent with your income? (You might want to create another spreadsheet that tracks your expenses.)
- Does your asset allocation make sense given your age, income, expenses, risk tolerance, etc.?
- Are you earning a market interest rate on your cash? (See discussion below.)
- How risky is your portfolio?
- Are you sufficiently "liquid" so you can meet unexpected expenses?
- Should you consolidate accounts to simplify things?
Example Image with Text
A seed has everything it needs to become a tree.
The potential is already inside it.
Nothing is missing.
And yet - plant it in the wrong soil, give it the wrong conditions, leave it without water or sunlight - and it produces nothing.
Most traders are that seed.
The knowledge is there. The tools are there. The desire is absolutely there.
But the environment?
The structure, the repetition, the daily feedback loop, the accountability that professional traders take for granted.