Most people would not plan a major family vacation casually. They would think through the destination, the budget, the timing, the tradeoffs, and what kind of experience they want their family to have. Yet many people spend far less time planning the financial decisions that shape the rest of their lives.
Tuning Out the Noise
What do the following headlines have in common?
“Credit Suisse: Investors are worrying too much and are going to miss out on big market upside ahead.”
“Ron Paul calls for market meltdown, warns that stocks are 'destined to go down' as much as 50 percent.”
“Guggenheim investment chief sees stocks rising 20% more before a recession-fueled sell-off.”
“Market correction of 30-40% could be coming soon, investment guru Mark Mobius warns.”
‘'’Sell in May and go away' doesn't apply this year, market bull Tony Dwyer says.”
If you guessed they were stories published in the last couple of years on a major business news website, you would be wrong. They were actually stories published THIS WEEK on a major business news website!
The Information Age has led to a constant bombardment of data that is presented as impactful to our financial well-being. These headlines can evoke strong emotional responses from even the most experienced investors, but how can we avoid being overwhelmed by the relentless stream of news about markets?