I’m in a fortunate position where almost all my luxury expenses are paid by my investments. From my new car this year, to travel, to new tech equipment.
Don’t think it didn’t take time to build my portfolio. It took me almost four years to build a solid investment portfolio that can generate wealth on its own. Some weeks I even had to deal with immense losses with the highest this year where I lost 40k in a single week. Even if you have lots of money, you won’t feel happy about that.
But if you spread your investments to weekly or even monthly, you can spread the risk. There comes no good from trying to time the market. The ones that got lucky with investments like GME, Dogecoin, or Shiba Inu coin, literally invested in them as a joke. They weren’t really serious nor try to analyze what would be a black swan.
Black swans are rare and basically is almost impossible to time correctly.
You are better off with a weekly or monthly strategy.
But no matter what your strategy is, once you have a strong portfolio that can weather the storms and flourish in the sun, it will support you in your daily financial life.
Don’t waste your money. Invest and build your wealth army.