The Importance of Ignoring the Noise of the Market
"As odd as it may sound, the sooner you start treating your investments like you treat life, the happier you'll be with the outcome."
“As odd as it may sound, the sooner you start treating your investments like you treat life, the happier you’ll be with the outcome.”
Summary below by Anthony O'Brien
In the first week of October, the Dow fell more than 200 points one day and surged more than 200 the next.
The IMF cut its global forecast, and the Federal Reserve released its meeting minutes – it’s not too hard to figure out which one caused the drop and which one the surge.
The bottom line is that the markets decided to act like markets. Instead of a slow, but steady, upward increase, they’ve been all over the place. Once again, words like “volatility” are popping up, like they’re new concepts.
That said, the current market represents a good time to rethink the good financial decisions already in place.
If you’ve made financial decisions that support your goals, you don’t need to react to what’s happening now. And choosing to behave when everyone else around you is not could be one of the best ones you’ll ever make.
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