Again, I’ll be the first to admit that I’m not the most patient person in the world. When I start a task, I also like to focus on it intensively until completion. When I was closing Rental Property #3, it consumed a lot of my time and I couldn’t wait for it to be finished! Now that it’s done and over with, I’m starting to get BORED…
It probably took two days before the sense of accomplishment faded away, and I asked myself, “what’s the next move?” Well, other than rapidly trying to save up for Rental Property #4, there really isn’t a next move… Once I came to that realization, I started to get a little depressed. 🙁
It’s going to take some time for me to come up with the next downpayment (three or four months minimum). As I mentioned, I’m impatient, and I don’t really like the idea of accumulating paychecks and not putting them to good use.
One idea that’s been floating around in my head lately is to put fresh funds back into dividend stocks. I don’t currently own any dividend stocks, but this is more a temporary thing than a permanent one. Eventually, I want to rebuild an adequately sized dividend portfolio.
However, at this moment in time, the S&P 500 is sitting at an all-time high at over 1700 points. Most of the big blue chips are yielding at 3% or below, so the appeal really isn’t there. Even if I wanted to make a move today, I really don’t have a target company to acquire.
The market seems so inflated, that in some sense I feel even more inclined to just invest in growth stocks…
The other alternative, and the one I’ve been focusing on, is to just give this whole investing thing a break for awhile. I’ve become entirely consumed with it (especially during closing time), so I’m feeling burned out. Since it’s going to take me so long to accumulate enough funds for the next downpayment, I’ve been trying to focus more on my social life. This means no more market research, no more looking at properties, and just no more “caring”.
By focusing more on going out and having fun (frugal fun), I’ll feel less bored and less inclined to make an impulsive investing move. It will also help pass the time and make work more tolerable.
I’m trying my best to “live in the moment”. Sometimes I forget to do that and I must remind myself not to forget about today. I’m very future-oriented, so that can be a problem. But we must remember that the future in not guaranteed to anyone… Carpe diem!
How do you manage the waiting game? Do you ever feel BORED with investing? Any tips or strategies you recommend? How do you accelerate the savings process?