Focus On What You Control

| February 06, 2018
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Psychologist Daniel Kahneman

“If owning stocks is a long-term project for you following their changes constantly is a very, very BAD IDEA. It’s the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, YOU’LL BE MISERABLE.”

“It’s been 404 trading days since the S&P 500 corrected more than -3%,” Hedgeye CEO Keith McCullough wrote in this morning’s Early Look to subscribers. “On the heels of the best January (S&P 500 +5.6%) since 1997, that was the longest streak going all the way back to 1928. What goes straight up, eventually comes down.”

Stock market volatility is NORMAL and TO BE EXPECTED.

Please do not lose control of the ability to control your emotions. Do not let market fluctuations dictate your mood. If they do – as stated above – you will be miserable.

 

Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O

 

Disclosure
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Meyer Capital Group), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Meyer Capital Group. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Meyer Capital Group is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Meyer Capital Group’s current written disclosure statement discussing our advisory services and fees is available for review upon request.

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