Miquel's avatar
$97.9m follower assets
What would need to happen for you to sell everything, put it in index funds and call it a day?
Michael Panebianco's avatar
$1B equity
Miquel's avatar
@miquel_nietoNovember 23
Author
@tecantra $1B in total assets? I hope you get there, but that’s a LOT of money!!
Michael Panebianco's avatar
Haha :) It was partially a flippant throwaway comment to say I've no intention to put it in indices yet - I'm having too much fun.

But from my perspective, the only thing stopping me (in my current personal circumstances) from hitting $1B is my work ethic. Once I've learnt enough and experienced enough to turn sensible and consistent profits, then I could potentially look to find some seed capital and go from there.
Miquel's avatar
@miquel_nietoNovember 23
Author
@tecantra The world belongs to optimists!!

I agree in that having fun is the most important part. If I’m having fun and learning, I will stay invested. The moment I stop enjoying it, I will stop. I currently have ~40% of my assets in index funds, so I’m kinda cheating already! ;)
Nathan Worden's avatar
Intriguing question- for me though this is kind of like asking “what would it take for you to pick one heathy meal and just eat that for the rest of your life?”

I’m not a foodie by any means, but I do like some variety. I think it’s healthy to keep trying new things even if that one healthy meal is the consensus thing “you should be eating”

I love learning about companies, economics, and human behavior. I’d probably be investing even if I didn’t have anything to gain.

Good question :)
Miquel's avatar
@miquel_nietoNovember 23
Author
@nathanworden Totally. I’m doing this because is a great method for continuous learning (which implies time and effort). I only see myself going full index the day I don’t have time or mental strength to be in the market.

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