Posted by kdadmin on July 29th, 2015.
If you’ve been watching the news about the stock market cycle over the last six months, it would have taken a toll on your adrenal glands. Pretty much, weekly, the global financial news vacillates between celebration and doom. Luckily, we can thank Matt Groenig, creator of The Simpsons, and his futuristic mind for a cartoon series parody.
Bender, from Groenig’s Futurama, nicely summarizes this process as we vacillate from glory, to meh, to total annihilation:
Given that, in the face of a rising Federal Funds rate, “We’re Boned” in either stocks or bonds, now is probably a better time to be watching a Futurama marathon than it is to be playing amateur investor. Sure, there is a way to make money in this market, but not much if you’re on the bullish side. And, everyone has already placed their bests if you’re on the bearish side. This is how the market works.
So, what do you do in a stagnant market?
Financial Planning. In other words, take stock of your entire financial picture. Since being obsessed with the stock market is pointless at the moment, spend some time looking at the other pieces of your financial life. Ask yourself the following questions:
Take a look at the photo above. I took that shot on a personal retreat in the south of France a couple of years ago. After I indulged my inner glutton in all things French, I took some time to sit here and ponder my financial life. All my internet research indicated that this place was the cat’s meow. While easily the most beautiful place I’d ever stayed, I couldn’t see myself here in five years. It was too slow. Business was too stagnant.
So, ignore the market for a bit, grab a tasty beverage, find a beautiful place, and ponder these seminal questions. Watch my video if you need inspiration. Then contact me with your answers, and I’ll help you get on track to make this dream a reality. To help you, live the life you love.