How late in your career did you take a gamble on change ?
Discussion
Apologies, long term lurker and don't post often but I'd love to hear other's experiences.
Aged 44, I've been a Private Investor for fourteen years. Investing has given me a good lifestyle, however at a cost, mentally, emotionally. I've nearly given up many times, my style is stressful and it's isolating being behind screens all day.
I'm not at a point where I can stop and maintain the same living standard. Three more years and I could be close to that figure but I'm not sure I have three left. I have a couple of business ideas but fear is pushing me to stay and secure myself better first. Even if successful it'd be a few years before I could draw anything decent from a new business.
- Did you burn out in your job / sell a business and take a gamble on something new later in your career ?
- Or did you take early 'retirement' from a higher to lower paying job and adjust your living standards ?
- Am I just suffering from 'the grass is greener' and running your own company, managing staff etc is just as / more stressful - but perhaps more rewarding and opportunity to grow ?
Aged 44, I've been a Private Investor for fourteen years. Investing has given me a good lifestyle, however at a cost, mentally, emotionally. I've nearly given up many times, my style is stressful and it's isolating being behind screens all day.
I'm not at a point where I can stop and maintain the same living standard. Three more years and I could be close to that figure but I'm not sure I have three left. I have a couple of business ideas but fear is pushing me to stay and secure myself better first. Even if successful it'd be a few years before I could draw anything decent from a new business.
- Did you burn out in your job / sell a business and take a gamble on something new later in your career ?
- Or did you take early 'retirement' from a higher to lower paying job and adjust your living standards ?
- Am I just suffering from 'the grass is greener' and running your own company, managing staff etc is just as / more stressful - but perhaps more rewarding and opportunity to grow ?
Edited by C555 on Monday 22 April 11:41
Thanks for the replies. On paper three more years to get to a better NAV make sense, just in practice not so much.
To reply to some comments-
- Unfortunately my investing style requires me to be in front of the screens from 07.30-16.35. I’ve tried reducing hours but I can’t really.
- Employment I’m definitely cautious about. I have friends with businesses and a constant stress seems to be finding decent people.
@anotherusername I have a fair idea of what I'd like and a number that requires. My kids are nigh on adults and I know my passions and where I’d like to be to enjoy those.
@clockworks I've been thinking along these lines, should I start as an evening sideline and see if there's any traction. I prefer to be fully committed to something but I'd have to get over that.
@Steve H A key question I keep asking myself is the same 'How much better will it pay later and how long might that take' - therefore the earlier you start the better - if you believe.
To reply to some comments-
- Unfortunately my investing style requires me to be in front of the screens from 07.30-16.35. I’ve tried reducing hours but I can’t really.
- Employment I’m definitely cautious about. I have friends with businesses and a constant stress seems to be finding decent people.
@anotherusername I have a fair idea of what I'd like and a number that requires. My kids are nigh on adults and I know my passions and where I’d like to be to enjoy those.
@clockworks I've been thinking along these lines, should I start as an evening sideline and see if there's any traction. I prefer to be fully committed to something but I'd have to get over that.
@Steve H A key question I keep asking myself is the same 'How much better will it pay later and how long might that take' - therefore the earlier you start the better - if you believe.
Edited by C555 on Sunday 21st April 17:22
@Simpo Yep my NAV increases each year, of course each one is different. I'm not your standard buy/hold style and it's that I'm exhausted with.
@Panamax An investor in shares, mainly UK Stocks. My annual ROI would be an outlier compared to most due to my method, size and is relative to the risk, drawdown, time that entails. It's much more hands on.
I definitely won't continue past a further three years, thats 100%. The decision I'm making is whether I grind out some more to achieve a higher NAV and better financial security before I take the leap and new risks.
That's why I was interested in what others have done and how it worked out for them.
@Panamax An investor in shares, mainly UK Stocks. My annual ROI would be an outlier compared to most due to my method, size and is relative to the risk, drawdown, time that entails. It's much more hands on.
I definitely won't continue past a further three years, thats 100%. The decision I'm making is whether I grind out some more to achieve a higher NAV and better financial security before I take the leap and new risks.
That's why I was interested in what others have done and how it worked out for them.
Edited by C555 on Monday 22 April 11:43
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