A criticism I hear from time to time about the passive investing/long-term buy-and-hold strategy I advocate is that it’s no fun. That’s true. It’s as boring as could be.
There’s no excitement. There’s precisely zero chance that you’ll strike it rich.
There’s none of the fun of checking your portfolio everyday to see how your latest picks are doing. (Quick note: If you are following a buy & hold, passive investing strategy and you’re checking your portfolio everyday, please, stop now. Checking your account daily will do nothing but harm.)
In fact, aside from an annual checkup and rebalancing there’s no ongoing involvement at all–everything happens automatically. (And even the annual rebalancing isn’t necessary if you’re using target retirement funds.)
Want to invest for fun? Go ahead.
If you really want to invest for entertainment’s sake, then by all means, go for it. I completely understand that picking stocks can be fun.
You probably have better odds of coming out ahead than you would if you were to take your money to a casino. After all, even a portfolio of randomly-selected stocks is likely to earn a positive return over an extended period. (Of course, over a short time frame, it’s anybody’s guess what will happen.)
Just be sure, however, not to confuse investing for entertainment and investing for retirement.
Where the real fun happens
In my opinion, however, investing itself is not supposed to be fun. It’s not supposed to be exciting. What’s fun and exciting are the goals that you can achieve using a prudent investment strategy.
I don’t know about you, but for me, the fun I get from having the resources to follow my dreams and do the things I want to do in life far outweighs the fun I’d get from picking stocks.