“I’ve never seen a monument erected to a pessimist.” Paul Harvey – American Radio Broadcaster
In my line of work, I’ve found that I can never make a good investor out of a pessimist. Those whose mindset is to find the obstacle out of every opportunity just simply can’t bridge the gap between fear and compounding wealth. The ‘crisis du jour’ is simply too great for humanity to survive, and thus, we must run for the hills, go to cash, buy gold, bury it in the yard, and hunker down in front of your favorite news outlet (CNN for example…otherwise known as the Crisis News Network). They spend hours poring over fear-based data that affirms their reasoning for the world ending, for the stock market to crash, for their imagined catastrophe to strike at any moment.
Yet, for those of you who’ve followed me for a time, you know my tagline…The Best Is Ahead. This isn’t just a tagline I say for clicks. It’s something I believe. Don’t get me wrong, I’m not infallible. I fall victim to the worst-case scenario that the headlines paint from time to time. But, through an 18-year career in the financial markets, and 4 decades of pure, hardcore life…I’ve come to the undebatable conclusion that we suffer more from our imagination than by reality. And in spite of the myriad of negative news events that have cluttered the airwaves over a series of years…we’re still here.
We’re still alive.
We have breath in our lungs,
food to eat,
water to drink,
our kids are learning either in schools or at home,
and our portfolios, while taking their beating in the first quarter of this year, are now at all time highs.
Maintaining a pessimistic mindset is simply not good for one’s health. Not only that, but I cannot make a good investor out of a catastrophist. There’s just too much good in the world to focus on what’s wrong. The investment opportunities are endless, and this gives me an unalterable source of optimism while affirming my permanent belief that The Best Is Ahead!
And now you know the rest of the story😊!