Don't Let Obama vs. Romney Hurt Investing Goals, Passion
It's been a crazy 10 days for many Americans. The hurricane shut the market down. It stirred emotions for many of us. And, now, bingo, it's Election Day.
While these are real events that warrant emotional responses, they can also distract investors. Put the hysteria in perspective and, as Sozzi suggested this morning on TheStreet, Don't allow the election to soften your focus ... :
Four years ago I sat in a dungeon reading emails from clients on how they felt powerless as the election unfolded. But the reality then, as it is now, couldn't be further from the truth. Seize on your passion for investing and the need to be positioned correctly out of the election gate.
If you follow the stock market, concern yourself with politics and love investing, that excerpt from Sozzi's piece should fire you up. If it doesn't, you need to spice things up in the master bedroom that is your trading platform. It's time to look in the mirror and reassess why you invest.
As I did this morning , I often hammer hard to make a point. You have to do that from time to time. The enormity of the information flow makes it a necessity.
At the same time, it's important to take deep breaths and reflect.
Do you invest to further some aimless political agenda?
It amazes me every time memes such as Obama is turning America into a socialist country or Romney will take away women's rights enters investment-related discourse.
It's not so much that these talking points enter the discussion -- because, for better or worse, inane political "discourse" is relevant -- but how they impact the discussion.
Investors should be overzealous in one regard only: Making money to reach their goals and set their families and, if lucky enough to do it, their communities up for better days.
The idea that your passion for Obama or Romney will somehow change the world is patently absurd. I'm all for idealism, but not misdirected dogma, vim and vigor. Save it for Fox News , MSNBC and egomaniacs such as Limbaugh and Jon Stewart.
That whole scene should only influence your portfolio insofar as it impacts your stock selection.
Consider the nuance there. You think Obama is an evil communist. Or that Romney hates women. OK, fair enough. You have opinions like the rest of us. Put down the signs and stop blaming partisan platforms for your fate.
Invest accordingly. Take objective information, put your spin on it and make rational decisions.
Don't let it turn you into one of these Dittos, Rush or Gary Johnson for President wackos. Because no matter how the hysteria shakes itself out, there will always be investment opportunities to capitalize on for strong investors who do their homework.