Putting a Name to the Fear

Putting a Name to the Fear “I’m afraid there will be a recession soon.”  No, you’re not. “I’m afraid the stock market will go down.”  No, you’re not. “I’m afraid I will lose my money.”  Close, but no. What does losing money mean? Money is not the thing we want or need.  It is the standard of exchange we use to obtain these things.  I’m not afraid I’ll lose my money.  I’m afraid I won’t be able to feed myself or my family.  I’m afraid I won’t be able to manage my own time.  I’m afraid of losing control over my future. Studies show that the more steps there are between ourselves and a payoff, the more likely we are to cheat.  Let’s say you take a test and get paid based on the number of answers you say get right.  If you are directly paid ($1 per answer, or…

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Where Are We in the Current Cycle?

Glad you asked!  This is such a great question.  It makes you look smart for asking it.  You recognize that the market is cyclical and your question implies that you’re so savvy that you can sync your investing to take advantage of the market’s ebbs and flows.  You’re a force of nature and I commend you for it, especially since you preceded the question with several minutes critiquing the Federal Reserve and expressing concern about today’s geopolitical situation. I love that you asked me because now it’s a chance for me to cite a bunch of bullshit statistics that prop up my world-view and make us all feel better about ourselves.  Best of all, no answer I give is going to suggest taking any real action on your part.  It’s a win-win. So Where Are We in the Current Cycle? Definitely the late innings, but it may only be the…