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Writer's picture Treavor Dodsworth CFP®, CPA, CKA®

#72 - Note to Self


Note to Self

This past week I caught myself checking the stock market a few too many times. There are two extreme approaches to monitoring the stock market. The first is to be completely oblivious and never monitor it. The second is to look at it several times throughout the day. Occasionally, I find myself in the second extreme. When the stock market is rising, it is fun to check in and watch your investments increase. There are a couple of mental traps that can happen though.

  1. We forget that it is just money. This isn’t something to place your trust in.

  2. We tether ourselves to the new high. Volatility will come. When it does, it will be that much more painful to watch things go down.

Note to self: You are invested for the long term. Stop paying attention to intraday volatility. It is a distraction.

 

Interesting Article(s) or Video(s)

Calibrating Capital - Enough

  • It is easy to always be pushing for more. In the article, Jeremy talks about how he has intentionally defined enough and his response to that.

  • “But if by ‘Happy New Year!’ we mean that we can choose to be centered on Jesus and happy in Him no matter what this new year brings, that is not blind optimism; it is biblical realism.” Another note to self.

 

Thank you for reading!

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