Especially in times of market uncertainty or volatility, our attention tends to be sucked into the bottomless vortex of pointless prognostication and aimless activity. Yet, if you have a good plan in place, educated apathy is generally the most profitable move. As the sage Warren Buffett reminds us, “The stock market is designed to transfer money from the active to the patient.”
But investing is just one part of wealth management—and it’s likely the element over which we have the least control. Therefore, regardless of the markets’ machinations, we can absolutely continue to make progress in our financial plan beyond our portfolio. Furthermore, this progress can feel especially empowering—and act as a healthy distraction—as everyone else is fixated on the ticker tape.
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