Money is a Reflection - Investing
One of the things I love most about investing is that it gives your heart a mirror. When you reflect on why you want more money and what you’ll do with it, you get a unique glimpse into your heart. Money isn’t the only mirror you have into your heart; things like relationships, families, hobbies will give you insights, but money is often overlooked as a source of heart inspiration.
I have been waking up to new realities exposed by the way I earn, spend, and invest. My reflections on my thoughts and behaviors towards money have helped me grow in my relationships and provided improved return on investments. Taking a good, brave look at your money can be a scary but extremely rewarding endeavor!
I’ll write about my experience in the realms of earning and spending later, but for now I’d like to share some contemplative questions that I meditate on prior to investing:
How am I feeling when I invest
- Do I feel taken care of?
- Am I being patient?
- Am I in a rush?
- Do I feel comfortable explaining my investments to a friend?
- Am I feeling anxious?
- How often am I checking my phone?
- Am I present in conversation when I have trades open?
- Do I feel wise?
- Do I have a good gut feeling or a bad gut feeling?
Motivation for Investing
- What do I want from this experience?
- Am I making a trade to exercise my decision making process?
- Am I making short term trades to fund a purchase?
- Am I looking for long term savings growth for a future family?
Picking Things to Invest in
- What does this company do?
- Have I purchased their product? Do I enjoy it?
- Do I like their CEO? Would I want to work there?
- Is the price of a share over or under valued?
Buying a Position
- Am I making an investment in the future?
- Am I speculating for a short term profit?
- Do I feel like I’m throwing darts at a board?
- If the price of this position declines, can I wait until it recovers?
- How long will I hold this position?
Selling a Position
- Am I selling at a loss? If so, how come?
- What will I do with the proceeds?
- How much tax will I owe on the gains?
- How will I feel if the position increases substantially tomorrow?
🖖
legal bits: I’m not a certified financial advisor and this is not investment advice –just my personal opinions