"The perfect man uses his mind as a mirror.
It grasps nothing, it rejects nothing.
It receives but does not keep."
-- Chuang tzu (370 -301BC)
It's time to reflect on the week, reallocate our attention, and move on...
The amount of noise was understandably high this week and, understandably, I tuned out a great deal to give attention to other things of higher importance -- namely, my life!
TFP readers know that my primary focus for investing (and this blog) is long-term oriented. This week, I'll keep the reflecting portion light and the focus portion geared to long-term:
- What is the historical reaction of S&P stocks after a rate cut?
- It would be wrong to assume that we are due for a correction.
- It's wise for the long-term investor to stay invested.
- Volatility or not, it's historically a great time to be an investor.
- Why diversify? Because foresight isn't 20/20.
- As for the consumer, what does the rate cut mean?
- As for the investor, it doesn't mean alot for those focused on the long-term...
Remember to keep perspective by minimizing "noise" and remaining focused on the only controllable variables of investing: Your objectives, asset allocation, and the "contribution" amount and frequency. In other words, planning is controllable -- the markets are not; therefore, our attention should be allocated just as our assets should be -- wisely...
Thanks for "reflecting" with me this week and have a great weekend...
TFPAuthor, Kent N. Thune, is the President and founder of Atlantic Capital Investments, LLC (ACI), a 'fee-only' Registered Investment Advisory firm located in Mount Pleasant, SC.
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