Monday, November 4, 2019

Personal Financial Anxiety: Where's The Acknowledgment? Where's The Love?


Personal Financial Anxiety: Where's The Acknowledgment?

The market a few weeks ago went down 800 points on a down 26,000 or 3.5+%

Bitching
Complaining
High anxiety
Oy vey vas mir on steroids
Woe is me
  • Regardless of years & years of explaining the market on the downside drops at least two times faster and the real indicator is downs that are slow dip dip dip,
  • despite cautioning not to confuse the nominal with the relative (i.e the absolute amount with the percentage) over and over and over for years,
  • and finally despite former clients and friends telling me they understand Enough - and managing goals not assets -
When the market was down 2.5%+ or 800 points in one day - some of these same clients/friends were bordering on hysterical with annoying fear - calling me (retired from practice over 20 years) with their concerns - heightened by the blood in the streets commentating of the personal financial pornography media & financial planners who practice 'more, more, more'

Still obviously, my advising relative to Enough was ineffective hasn't inoculated.

It's coming to you, Mister
Who made you the center of the universe, Jimmy
my father to this then 9 year old who
was complaining about a cold hot dog at Howard Johnsons

So why - the crickets - (JIMiney's Crickets???) the silence now that the 800 points - the 3.5%+ has not only been recovered and then some with the Dow hitting an all time high today over 27,000. Where is the acknowledgment?

Because 
  • The Enough of managing goals not assets has not been internalized
  • Given Enough hasn't been internalized - when a stock etf etc hits a high - it's 'ours' - when it declines - something - what belongs to us - has been taken - even stolen 'how dare they' 'I'll have (and am?) less!'
  • Which leads to anxiety, woe is me, stupidity - cutting off the stock, etf etc to spite the goal
Had Enough - managing goals not assets - been internalized - at the very worst the question  would have been - do I still have enough relative to each goal

more, more, more - are we all morticians?
e.e. cummings

More is a living disability when there is temporary less...
More-onitis.... wonder if there is a flu shot strain for this.

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