Bit off topic this... but anyone got any good examples of how they've used their skills learnt from trading in other areas of life? I was thinking about this the other day in relation to getting a mortgage last year. Knowing that supply of mortgages was tight but interest rate falls were on the cards, I ended up hedging my bets by securing three, taking one for safety, and further ones as the terms bettered in my favour.
Someone asked me
"aren't you gutted you wasted several hundred pounds on the securing the first two that you didn't take?"
I didn't get it - I was delighted I'd saved myself £20k over the long run.
"But you could have just waited and got the same results"
Of course the reason being I didn't know for certain that I would get a better offer. I knew terms would get worse, I just didn't know where the bottom was.
Anyone got any other examples? Where it's helped or hindered?
Someone asked me
"aren't you gutted you wasted several hundred pounds on the securing the first two that you didn't take?"
I didn't get it - I was delighted I'd saved myself £20k over the long run.
"But you could have just waited and got the same results"
Of course the reason being I didn't know for certain that I would get a better offer. I knew terms would get worse, I just didn't know where the bottom was.
Anyone got any other examples? Where it's helped or hindered?