I didn't think utility mattered at the start, but the numbers get so large so fast that it probably should. So the first issue is identifying if you are theoretically optimizing (max value in min time) or satisficing. Optimizing is simple - always invest when +EV exists/sell when -EV exists. Even if you ruin 99% of the time, you'll average the highest returns (1 - note below on actual optimization).
The only reason this is complicated is because of the second issue; the risk of ruin. This issue is actually minor in a normal random walk situation.
I've simula...
I get a very different result when I run these numbers. I'm not from the UK so I may be interpreting the tax rules incorrectly, but here's the logic chain I used to model it (year one, so that it can be duplicated and logic verified);
Interesting! Did you make any further progress? I personally see a great deal of value in this kind of risk identification. A lot of risks are not easily solved (eg: just buy insurance!) or properly quantified (eg: accident insurance protects me from income loss!).
Generally it seems that any organisation system is highly personal as there are many individual kinks to be worked out such that there is almost no way to have a holistic system apply to everyone. Also, the vast majority of people are not interested in these kind of things, I think.
This seems very true to me and now seems like the largest factor. That combined with it being a horrendous amount of work, although I believe that may be because there is no foundation to draw on.
...Also the whole thing is overwhelming. When I tried to do stuff like track my b
You might be interested in the book Getting Things Done.
Much appreciated, I'll take a look!
This allows you focus on things you're doing in the moment, without worrying that you're forgetting a bunch of things you still need to do.
I think this is a large part of it, but it seems like a subset of what I'm thinking about. This is a great answer if someone came up to you and asked "how do you get things done?", and it is a pretty broad planning approach. Even better, those who use a similar system can talk about their approach, ideally sharin...
This may be long for a stupid question... and it's not really one question... but it seems like a safe first post kind of place! It has just been on my mind a lot the last few months.
I was recently doing a review of my workplace's management system and used personal life examples to demonstrate why the management system is (/would of been) effective. Instead of convincing anyone else, I convinced myself my life would be better off if I had a personal management system.
I've googled high and low and found nothing that I could draw on. The amount of self-hel...
You might be interested in the book Getting Things Done. It was written before smartphones and cloud syncing calendars but it can easily be adapted to To-Do lists and managing your life in the modern age.
A basic summary is thus: Every action you need to do but haven't yet done is an open loop in your mind. You have to keep thinking about it until you do it, and close the loop. However, lots of things can't be done except at specific times and places. You can maintain seperate to-do lists for things that can be done anywhere (Call a friend to schedule a mo...
I'll repeat the same advice I got when I approached my doctor friends about anxiety.
Look for a clinical psychologist (language issue: I'm Canadian, not positive it is identical in the states) that has experience/specializes in anxiety issues. This was recommended after I'd done a physical - basic blood work and such - but it doesn't sound like you have anything that would be related to physical issues.
The general feel I got was that it takes a bit of work to tailor a solution to your specific situation/triggers and doing it yourself, with your own biases (... (read more)