In no particular order, my short term goals are:
§ Pass the CAIA Level 1 exam (September 2010), pass the Level 2 exam (March 2011).Medium term:
§ In October, repeat being awarded the largest bonus possible per my grade level.
§ Find and start playing on a 4.0/4.5 tennis team.
§ Read the Intelligent Investor – a book that I have recommended to multiple people but that I have been intimidated to read. Also, I have a reluctance to read substantial books because I don’t want them to be finished and ask, “that was it?”
§ Plan and take my girlfriend on a vacation worthy of her…
§ In May, travel to Omaha for the annual Berkshire shareholder meeting.
§ Pass 10 Twitter followers – I am currently sitting at a very robust 1, which happens to be a New Zealand financial spammer.
§ Write a blog post that 1 person can connect and identify with.
§ Start a family - engagementàmarriageàchildren – in that order.Long term:
§ Earn the CFA designation - I will not let one failure set an immovable barrier in my path. I will study harder, enroll in a study program, and pass it.
§ Move back to KY/IN/OH to be closer to my family. (This will probably delight my wonderfully supportive grandmother.)
§ Get into a PhD program in finance.
§ Write a finance paper worth of 1 person’s praise or, even better, gratitude. “Thank you for writing this” is one of the highest compliments an author can receive.
§ Surpass a $1 million net worth, after that it reevaluates by a factor of 10.Now that I have completed a list I have one major observation: by the frequency of bullets, it seems my short-term focus dominates my long-term outlook. I think that a proper long-term goal list will require more than just the half an hour that I’ve spent. I will continue to think about this list, refine it, and post updates in the future.
§ Start a business. Currently I want to start either a VC firm in Kentucky that would serve to add jobs to a struggling region or start a value investment company, although they aren’t mutually exclusive.
§ Travel to Oktoberfest, Spain, Egypt, Amsterdam, Munich.