03 Feb 2018 @ 11:24 AM 

Over the years, my business has changed a lot. I have gotten away from blogging, because I went full time into options trading. Unfortunately, that leaves a large hole in my traffic, since without new content, no new people come to my websites. I thought I was ready to walk away from blogging entirely and was thinking about downsizing my domain holdings this year. But the stock market did something that reminded me that it is not always a good thing to step away from one of your prime income sources.

When things look badThe market dropped almost 1.5% in a week. While 1.5% doesn’t look bad, it actually translates to larger numbers inside one’s portfolio. My portfolio value dropped almost 25%! That put the fear of God into me. It told me that I should not stop what got me here in the first place, since closing off one income source to grow your current holdings is probably not a good idea. I have a responsibility to my family that I have not taken lightly. So when I see my legacy lose a quarter of its value in the span of a week, it is time to get back to business and bringing in money the old fashioned way.

I am still going to be doing my options trading, because I have a system in place to keep me earning good money, but I will be writing more on my blogs. Writing is actually good for my mind. I used to say this a lot in the prime of my blogging and podcasting days. I got a lot of therapy out of it. Then I stopped podcasting during the worst of my grief from the loss of my father and then my mother to cancer. Much of my grieving became channeled into just getting my life into some semblance of normalcy. It is finally as close as it will ever be to that goal, but I do not plan on being satisfied with normalcy.

I have set some goals that took a major hit with the profit taking in the market. All that means is the timetable might be rearranged for a while. Many of my investments are long term, so a value drop for a short time is not critical. As long as the market levels off and then turns around, everything there will be fine. But a few of my short term goals got set back. All that means is that I need to keep going.

When you see a goal get pushed further out, it does not mean your long term goals have to suffer, it just means you get to work on making the next goal attainable in spite of the setback. Hence my getting back to writing.

Let’s kick ass! The first month is gone, month two is ahead of us. Look at your goals and figure out what is needed. Then get back to work.

 

Posted By: Micheal Savoie
Last Edit: 03 Feb 2018 @ 11:24 AM

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