Saturday, October 10, 2020

Fidelity to your own Gain

I'm sorry, but if you need to jump on some "Fidelity Investments Dashboard" when you get up every morning, then your life has become one endless obsession with money and you really need to reassess your priorities.

I remember reading somewhere that the people who have the happiest lives and comfortable retirements are the ones who use an established brokerage firm to put away money every month, ignore the dips and rises of the market, and don't inquire into the balance until it's time to draw from it.  These people don't spend their lives obsessing over money, don't experience sleepless nights during selloffs....they just go about the business of Living.  They remember the reason why they hired a broker in the first place- so that they wouldn't have to do all this fretting and juggling. 

Oh, and what about all those people who did panic and sell this spring?  Well, they didn't do it because they had this Dashboard or an App on their Smartphones which sent them into a desperate frenzy.  The people who freaked out and sold were the people who are already retired and using those investments to supplement their laughably small Social Security checks, or the small investors who never had any faith in the market and got spooked by bad advice and gave people who DO use things like this Dashboard and investment Apps.   And who bought those stocks at a bargain?  I just answered that question, didn't I?

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