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Command Post What is this?
Posted on Apr 10, 2015
SFC Network Engineer
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CW5 Desk Officer
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Edited >1 y ago
I like the way you compared investments to military units. Great way to explain it, SFC (Join to see).

Bottom line is that investing a little bit every pay day - from early on - is one of the keys to success. I've said here before that a dear aunt of mine gave me that advice when I was a teen. I tried, but it was easier to spend than to save. If only younger troops (people) could "get" this simple concept, their years later in life and in retirement would be sooo much better from a financial perspective.
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SFC Network Engineer
SFC (Join to see)
>1 y
CW5 (Join to see): Thanks chief! The hardest thing to do, is to know you have money, and not spend it. It took me more than 15 years to learn that - and it's a lesson I will never forget. I also will always regret spending that money to this day.
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Capt Richard I P.
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Great analogy for the military investor. SFC (Join to see) I can't wait for the next in the series.
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SPC Patrick Gearardo
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I recently started investing myself on etrade. MY biggest problem is trying to get rich tomorrow. Is it possible to break that habit?
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SFC Network Engineer
SFC (Join to see)
>1 y
SPC Patrick Gearardo One thing you can do, is when you invest the money, forget about it - forget that it's there (well, don't completely forget that it's there, just don't worry about it basically) . Don't check your investments more than once a month - when you do, do so to make sure that the money you invested is actually what was deposited. Also, if you move money around a lot, you wind up spending more in commission and brokerage fees. You also need to accept the fact that no one really gets rich quick! It takes lots of hard work, patience, and commitment to wait it out. If you're military, invest in the TSP. If you work for a company with a good 401K plan, invest in their plan. My company matches the what I invest from the first 3% of my earnings dollar for dollar, and then 50¢ on the dollar for the next 2%. That means, I invest 5% of my earnings, they match 4%. If I put $50 (say 5% of $1000), they'll add another $40 to the pot. Free money when I do finally retire for good.
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SPC Patrick Gearardo
SPC Patrick Gearardo
>1 y
Yeah, I wish I had a 401K option again. I TRY to not check my stocks, but I'm always keeping up to date with the news and world events to see what might bring my stock down. I'm to the point where I actually HATE weekends because nothing is being traded.

My friend who does Investing for a living told me that there are Investors and Traders and, in the long run, the Investors usually do better. But with my personality, I can't help but being a trader. I'm always looking for the next big stock that will go up and I am definitely lacking patience.

I will keep following your strategies and try to be more patient with some of my investments. ;)

Thanks!
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