My Gratitude Journal as An Investor (And The Benefits of It)
by Chris Susanto
5 July 2020
Being a successful investor requires us to have equanimity in everything we do.
There are many benefits to keeping a gratitude journal, firstly, the balance of emotion.
Would you rather make $100,000 a year but all your friends and neighbors make $200,000 a year or would you rather make $50,000 a year but all your friends and neighbors make $25,000 a year? Most people choose two. But I would rather choose one and be happy and grateful for all my friends and neighbors that are making more than me.
Happiness is entirely based on ourselves. And keeping a grateful journal (such as this one) would aid in that. It helps us to focus on the positive aspect of life instead of the negative ones.
There are generally three areas of life we should always be grateful for (based on the book, The Power by Rhonda Bryne):
- Grateful for the things we have received in the past
- Grateful for the things we are receiving in the present
- Grateful for the things we want in life as though we already receive it
I will try my best to update this grateful journal every end of the day as regularly as I can.
Here are three things I am grateful for today:
5/7/2020 – Grateful that I can see the beautiful blue sky, grateful to be able to walk to the park with such good weather using the park connector near my house, grateful that my dad cooked a really nice noodle for dinner.
6/7/2020 – Grateful to have a good meal at Sushi Tei, grateful that the world is making progress with the vaccine and grateful to have drunk a nice yogurt drink at the alley.
7/7/2020 – Grateful to had a beer with my dad overlooking the beach at Coastes Pasir Ris, grateful to have a safe and stable environment to work in, grateful to be alive.
10/7/2020 – Grateful for the learn air we breathe, grateful for the small investment mistakes I made when I am young so when I am older I can do much better, grateful for the many vaccines works that are being produced for COVID-19 now.
12/7/2020 – Grateful that with technology, we are able to enjoy life more easily today, grateful that the world is generally more peaceful and rational that it was during WW1 and WW2, grateful that nearby my house there is a lot of hawkers with really great and authentic food.
15/7/2020 – Grateful that I am able to enjoy chips at the comfort of my home, grateful for my friends, and grateful to be able to find balance in life.
17/7/2020 – Grateful that a lot of people joined my free investing telegram channel, grateful to be able to eat Din Tai Fung, grateful to be healthy.
19/7/2020 – Grateful that I have a loving family, grateful that we could watch Train to Busan 2 today, grateful to be able to eat proper meals.
22/7/2020 – Grateful to be able to watch Netflix in the comfort of my home, grateful to be able to catch up with good friends over coffee, and grateful to have found the craft of meditation through the app insight timer.
23/7/2020 – Grateful to have dinner at Georges at Pasir Ris Park with my family, grateful to have a well-lit park to walk even at night, and grateful for Milo.
24/7/2020 – Grateful to eat relatively cheap and good food at Glutton Bay, grateful to have met many wonderful people, and grateful for my cup of coffee.
28/7/2020 – Grateful to learn how to take things slow and how to be patient, grateful to learn how to be like water, and grateful to be connected with great people.
3/8/2020 – Grateful to spend a whole day with my family at home watching TV, grateful that I have great students for my VIM Mentorship, and grateful that I have made rational decisions so far in my investing journey.
10/8/2020 – Grateful to eat noodles cooked by Dad, grateful to have found my passion which is in investment at an early age, and grateful to have a good cup of coffee.
14/8/2020 -Grateful to catch up with an old friend over beer and a new friend over coffee. Grateful that my diet is going according to plan and I have the discipline to stick to it.
20/8/2020 – Grateful to be alive, grateful to have aircon, grateful to eat a very nice yong tau fu from Bishan.
23/8/2020 – Grateful to watch The Courier with my family, grateful for dim sum lunch, and grateful to finally eat Founder Bakut Teh.
28/8/2020 – Grateful to be able to meditate 20 minutes a day, grateful to be able to eat great food at Old Airport Road Hawker, and grateful to hear great music at Spotify.
17/9/2020 – Grateful to be able to play Badminton, grateful to be able to watch cinema, and grateful to be healthy.
18/9/2020 – Grateful to be able to catch up with good friends, grateful to be able to eat ice cream, and grateful to simply be alive.
19/9/2020 – Grateful to be able to eat at Marche yesterday with good friends, grateful to be able to drink good coffee, and grateful to be able to have the skills to invest properly.
27/9/2020 – Grateful to be able to realize the importance of investing properly in the stock market instead of gambling, grateful to be able to drink coffee in the morning, and grateful for the advances in the vaccines and therapies with regards to the COVID-19 fight.
28/9/2020 – Grateful to have a loving family, grateful to have many great friends, and grateful to be able to read good books.
29/9/2020 – Grateful for everything that I have, grateful to be alive, and grateful to have a comfortable chair to sit on.
30/9/2020 – Grateful to have food to eat, air to breathe, and water to drink.
5/10/2020 – Grateful to be aware, to be present, and to be able to make choices in life.
6/10/2020 – Grateful to be able to drink good coffee, grateful to be able to invest well, and to be able to make the right choices and outperform the S&P500 by almost two times so far.
7/10/2020 – Grateful for a roof over my head, drinkable water, and my health.
8/10/2020 – Grateful for everything, grateful to be able to choose my investing students, and grateful to be happy and alive.
9/10/2020 – Grateful for being able to stay rational in making my investment decisions, grateful to be able to have a comfortable place to sleep in, and grateful to be able to have a family.
10/10/2020 – Grateful to have great shows to watch at Netflix like haunting on bly manor, grateful that just took profit on one of my call position which resulted in 167% profit even though it was negative for 1 year plus already and grateful to stay humble so I can continue to learn and improve.
11/10/2020 – Grateful to be able to breathe in the fresh air, grateful to be able to see the beautiful sky, and grateful to be young.
12/10/2020 – Grateful to be here now, grateful to be able to use technology to make life easier, and grateful to have good books to read.
13/10/2020 – Grateful to eat a nice bagel yesterday, grateful to have conducted a great webinar yesterday, and grateful to be able to eat a nice porridge.
14/10/2020 – Grateful that I have good friends, grateful that with technology such as Spotify and Netflix, we are able to enjoy music and movies at a very good price, and grateful that by learning how to invest well, I am able to participate financially too in the growth of solid companies listed in the stock market.
15/10/2020 – Grateful to be able to eat a pretty good Shabu Shabu yesterday, grateful to be able to have an educational service to help some of my friends to learn how to invest in stocks with the proper framework, and grateful to be able to enjoy the view of the blue sky.
16/10/2020 – Grateful for a good cup of coffee, grateful for a full stomach, and grateful for family.
17/10/2020 – Grateful for life, grateful for good friends, and grateful for a good cup of coffee.
18/10/2020 – Grateful to have a laptop to use, grateful to be going to old airport road for lunch and grateful to be aware to be thankful.
19/10/2020 – Grateful to eat at Old Airport Road Hawker yesterday, grateful to have watched a very nice Swordsman Korean movie yesterday and grateful that the sky is beautiful.
20/10/2020 – Grateful to be able to have the discipline to learn and continually grow, grateful to be able to breathe in the clean, fresh air, and grateful to be able to have a happy family.
21/10/2020 – Grateful to be able to celebrate my mum’s birthday, grateful for coffee, and grateful for equanimity in life.
22/10/2020 – Grateful to be able to be more aware, grateful to went out to celebrate with my mum yesterday for her birthday, and grateful for the present.
23/10/2020 – Grateful for the Nespresso coffee I am drinking, grateful for the practice of meditation, and grateful to have many good friends around me.
The information provided is for general information purposes only and is not intended to be a personalized investment or financial advice.
Important: Please read our full disclaimer.
Chris Lee Susanto
Founder of the value investing blog Re-ThinkWealth.com (if you type “value investing blog” in Google, his blog is likely the first one). Being a full-time investor himself, Chris knows that he did not beat the S&P 500 return so far (as of the time of this writing) by listening to stock tips. So, when he teaches, he also doesn’t believe in giving stock tips as it is not sustainable for you in the long run. He will teach you how to make your own intelligent decisions with his 4M1S framework. Feel free to also join his free investment telegram channel here.
Wait Before You Go… Read Also:
1. Temasek Portfolio is Huge. Although I know that Temasek has a huge portfolio, I was surprised to see that it is around the size of Warren Buffett’s. As of 31 March 2020, the net portfolio value or NPV is at S$306 billion. So we have our own Warren Buffett in Singapore, that is […]
Who is Adam Smith? Adam Smith (1723-1790) was a philosopher and economist who was best known for authoring the book An Inquiry into the Nature and Causes of the Wealth of Nations. Wealth of Nations also happens to be one of Warren Buffett’s favourite books […]
As a value investor, as a practitioner of value investing, I am very interested in studying funds I view as an executioner of the various value investing methodologies I myself am very passionate about. In this article, I will list down some of the value investing funds in […]
How do people get rich by investing in stocks? Can we actually get rich by investing in stocks? Yes, we can. But we need to utilize both Patience and Compound Interest in Great Companies. With the proper foundation, framework, character, and skills, I truly believe that […]
Sun Tzu Art of War Quotes “He will win who knows when to fight and when not to fight” – We should only invest when there is clear benefit to do so, do not do something just for the sake of doing something. “If you know the enemy and know yourself, you need not fear […]
In this thinking fast and slow book summary, I will explain to you the various human biases that we have and why it is important for us as investors to understand it. It all begins with a simple premise that we all have two systems in our brain, system 1 and system 2 […]
I chanced upon an edited transcripts from Guru Focus of an interview of Munger and Li Lu in one of China’s top finance magazines. Here are the 7 investing lessons I learned from Charlie Munger and Li Lu’s interview: 1. In investing, patience is very […]
As value investors, a lot of us talk about investing for the long run. But what does investing in the long run really mean? As a value investor, I have had companies that I made over 50% in less than 6 months because that company I owned got acquired. I have also had companies […]
Just finished rewatching all 95 episodes of The Romance of The Three Kingdoms – Although this is a classic Chinese historical war movie that is likely dramatized, there are a lot of lessons to be learned from it – for value investing purposes.  No matter how good we are or how much […]
Today I want to share with you my thought processes when I first initiated a position in Care.com (NYSE: CRCM) on 28 May 2019 – and less than 6 months later on 20 December 2019 – overall at an average cost of $10.07, I sold off all of it at $15.05. My valuation for care was higher than […]
Compound interest is very powerful. It is the interest you get on top of the previous principal + interest you already got. Here are 3 actions you can take to make the best use of compound interest: Invest early – the earlier we invest, the more powerful the compounding effect […]
Peter Lynch’s one up on wall street book was one of the first investing books that I read. I probably first read the book when I was about the age of 20 or 21, and now, after about five years in the market, I can tell you that the lessons hold. Who is Peter Lynch? Peter Lynch is a legendary […]