Sometimes people ask me what I think will happen to the market. My customary answer is: “My crystal ball has been in the shop for over 34 years and my magic wand is broken”.
Does it really matter what happens to the market on a daily basis? No, it doesn’t. Do I watch it every day? Yes, because I need to keep up with what’s going on. But daily swings do not disturb me.
What is important is that I understand my clients’ needs and help them achieve their goals. That takes time and patience, and I get to use my social work skills (I was going to be a therapist!) which I enjoy because I’m a problem solver.
A quote that struck me and clarified why I have been doing this job for so many years is as follows: “…investments are simply a tool that helps people work toward their most meaningful goals. And helping people define those goals and then work towards them is what makes the job satisfying”.
So, the next time someone asks me what I think the market will do, my response will always be the same. There’s no crystal ball, and that’s my hot tip.
Until next time……
Diane