I make good money. I don't like to state how much but it's within the job ad's range. Now all that said I do work hard but I allow for 30 minute sessions. So while I work a lot these are comfortably paced and I usually have enough time to spend on most patients. I also have the professional and emotional peace of mind to believe I'm doing a good job and giving enough time (most of time).
I could of course make more money if I cut-corners. I don't want to do this. E.g. 10-15 minutes per patient.
Aren't most stocks terrible over the past year?
The stock market crashes on average every 10 years +/- 5 years. Jim Cramer wrote this in one of his books. A good investor understands the cycles. Of course you can't know with good precision when the next crash will be. After the 2008 crash I of course knew another was going to happen, and of course I didn't know the exact moment. You need to invest wisely. Don't put all eggs in one basket, made hedge investments, don't have all of it in stocks.
I could tell by about 2017-2019 we were in a largess where it was doing too well, but I of course did not know when it was going to crash. Being able to narrow it down to a 2 year period is not enough precision to make quick money. It was enough for me, however, to know to diversify. I told my financial advisor to put money in real estate REITs, and I started putting more into high interest savings so I could have cash-on-hand to pump in after the market crashes.
So for example the last year was a great time to invest in I-bonds. My real estate REIT went up 25%/year in the last 2 years. My energy stocks didn't crash-they did the opposite. Most of my portfolio, however, is down more than it is up because about 70% of my investments are in stocks, but I know enough to know within the next several months the market will recover and then some so I'm going to have to be patient for now.
I'm speculating if I should sell my energy stocks cause I can see the cycle potentially turning in the next 1-2 years. IMHO the biggest factor will be when the war in Ukraine ends. Once this happens I foresee a huge major stock market boom. Of course when will this happen? That's the problem. I don't see the war ending overnight. Putin's health is a big factor but what we're told about his health might not be accurate. He could hold on a few months, he could hold on a few years.
On the flipside a bad investor doesn't see the cycles. E.g. he sees the market booming so he buys at the top right before it crashes. So you don't put your money into a company just cause it's doing well. You put your money into a company cause it's doing well, it's financials show it's a strong stable company, and there's strong room for growth.
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