Shopping Habits Reveal Investing Temperament

By G.dallorto (Own work) [Attribution], via Wikimedia Commons

Sleep per Day: (Target) 7h30m / day (Actual) 7h20m  / day (42 day average)

I’ve finally realized why I gravitate towards buying the bluest of blue chip stocks (dividend aristocrats with wide moats) with a strong need for low maintenance.

It’s basically similar to how I shop.

I rarely shop, but if I do shop, I make sure the purchase is either cheap enough that replacing it won’t make me feel upset or expensive enough that I don’t even need to bother using the warranty.

Either way, I hate having to deal with after sales service.

I guess that also reveals why I hate volatility. Since I seldom purchase, and I really like to buy quality goods, I’d really feel like kicking myself when I find out that the goods I bought ends up in a huge discount very soon after I buy it. That’s similar to stocks.

Which is why I think it’s very important that I adopt a “buy quality stocks as if its a cheap stock” mentality. It’s best to buy stocks bit by bit so that whenever the prices start dropping after I buy it, I can scoop up even more quality goods at better prices instead of constantly kicking myself for missing out on the discount.

This is important because “you have to adapt your strategy to your own nature and your own talents“, so it would be wise to get clues about what investment style to use based on how you shop.

[Disclaimer]

Not advice. No offer. Do not rely. May lose value. Risky. Conflicts hidden/obscured. (Borrowed from Terrence Yang‘s Disclaimer on Quora)

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