There’s a lot going on in the world right now.
I thought this post was going to be about the $3.5 trillion budget deal or what to do with any child tax credits that may be heading your way.
But then global markets jolted on fears of new viral variants.
Is the sky actually falling?
What happens when the predictions are wrong?
Is it time to panic?
Is it time to ditch your strategy?
It’s a fascinating question because it cuts right down to the question of what it means to live in an uncertain world.
Regularly, clients/friends email me if they should buy a stock… (ex: GME)
My first answer is always, (always always) no.
But of course, it can’t be that simple.
Do you find yourself believing the negative hype and frequently grumbling about how the market is going to tank any minute? Does it seem that all news is bad news, especially when it comes to how it will impact your investments? Maybe the sky is falling, but maybe this is just negative speculation intended to sell newspapers and get eyeballs onto television news screens.
We have all heard that in life moderation is key, well it should be no surprise that the-same holds true for investing.
To take extreme positions of being all in all or all out will always lead to financial distress!
When you go “ALL IN” you fully expose yourself to the risks of that investment—whether it’s stocks, bonds, real estate, wine, crypto—100% of one thing, is the riskiest form of investing.
