I haven’t bothered to even look at my investment accounts in this crazy time. Why? If I look, I may see a dip in my funds. Even though I don’t have much right now in the way of investments, this still might be a bad thing to see. My brain might freak out and I might try to “time the market”. I won’t even bother taking the chance! I am just keeping the faith!
When the market evens out some, I might look. I am unsure when that even will bet obviously. They say on the Biggerpockets money show…the investor who ends up with the most wealth, is the dead one…meaning that the person who never looks at it, or forgets it is there becomes the wealthiest.
Even the best investors and most savvy people, are human. Humans have emotions. Humans make mistakes. Take the emotion out of it by not even knowing. Honestly, if you looked what is something good that could happen? Probably nothing.
So, my advice is for you to do the same. Just don’t look.
I plan to increase my contributions over the next few weeks. I know, the rule of thumb is to only invest the match in your 401k until you’re debt free, but during this time I think an exception is to be made. I have around $8800 worth of interest accruing debt left to pay off. Buying stocks on sale is more worth while to me right now. I plan to still pay down debt and it still should be paid off within about 2 months.
So, DON’T look at your portfolio if you can help it. Also, put MORE MONEY in if you can! The way I see it stocks are currently at a discounted price.
Don’t lose faith and remember what all the greats have spoken of. The 4% rule has accounted for this! Just keep on the path to FI!!!!
Thank you for reading!
How do you keep your emotions out of your investing?
Pennies to Riches 