After The Best Financial Quarter In A Decade, How Should You Invest?
THE BIG THING I WANT YOU TO KNOW:
It’s time to stop classifying the market as good, bad and best or even as up or down. The stock market is an unpredictable beast that cannot be tamed. Discover a new approach and language to talk about the market.
up! up! Up! the market’s up but… does that necessarily mean the market is “good?”
Write it in the sky because the longest bull market in history continues! That means that the condition or health of the world’s financial markets is or is expected to rise. What’s even more remarkable is that Q1 2019 has been the best quarter in a decade!
So, how could we find any way to turn this amazing heights of health into bad news?
I don’t mean to be the Debbie Downer here, but those headlines don’t give any indication or which direction the market will go NEXT this year. (If someone starts trying to predict which direction the market will take, you have my permission to laugh at them and walk in the opposite direction.)
the market will do what it wants and when it wants, but we’ve got to stop labeling it “good” or “bad.”
let’s agree to adopt a new market vocabulary and shift our investment thinking
For all you binary bent folks who don’t see nuance or shades of gray, the market agrees with you!
While I absolutely maintain that the market is black and white, we’ve got to stop categorizing it as simply “good” and “bad.” For good and bad imply that we all win or we all lose and that’s just not the truth!
If you’re someone who labels the market as “good” or “bad,” I’ve got a mind bender for you: I meet with a ton of people who made their fortunes in 2008 because they leaned into the down market and saw phenomenal returns and firmed up their retirement funds when the market climbed back up. What’s so “bad” about that?
The market is neither good nor bad, it’s all about how you respond to the market’s ever-changing state.
Let’s speed things up to present day. As of April, the market’s UP 13 percent!
When you hear that you probably think one of two thinks:
1. Wow! How is this (or can this become) a good thing for me and my financial plan?
Answer: EASY! Your account’s should be growing!
I can’t argue with you on this one. It’s been one long extended season of #CASHMONEY.
2. Man! How is this (or could this be) a bad thing for me and my financial plan? A.K.A. How can I not miss out on this growth?
Answer: STOP. RIGHT. THERE.
What’s good for the goose (or your neighbor, parent, sibling, co-worker, dog walker, fill in the blank, etc.) isn’t good for the gander. #DadSayings
Just like we can’t base our strategies on the talking heads of cable news, we can’t base our financial decisions on what’s working for other people.
Re-read that last sentence and trust the financial plan that works for YOU.
You can change the market’s uncertainty you can control your plan and financial strategy
You need to change your mindset because the market dropping like a rock could be the best thing that ever happened to you! Think of it as a clearance sale and you’ll get the items you’ve always wanted for a steal. Glass half-full, right?!
We at Dynamic Money (Meet our team of mathletes here.) want to ensure that your investment plan is primed ready to get a little opportunistic and strike at the perfect moment. If this illuminated any light bulbs for you (or you’re not completely sold on this logic), drop us a line!
Tell us why you see it differently, share your story, we would love to learn more about you and your goals.
The goal of investing ≠ be up every year and always make a higher return. at least to us, it’s about staying on track to reach your long-term goals for the future.
There are 10 types of people, those who understand binary and those who don’t.