To Look, Or Not To Look: That Is The Question.
You probably recognized my lame attempts to copy, save for one word, the opening line of the famous soliloquy from Shakespeare’s play Hamlet.
Yes, I was trying to be clever, but I am actually asking myself that very question: to look, or no to look.
Let me bring you up to speed. The past 10 days have been a roller-coaster for the stock market. The market gyrations have been the talk of every single news outlet and, for some people, the past week has been depressing.
Although I’ve been tempted, I’ve made the decision to not look at the status of my 401K. I have to rest in the fact that I’ve got at least 25 more years before I need to retire and for that reason I have to take the long view.
Don’t Give In to the Jitters
We all get nervous. We all have moments when we question what we are doing or want to give up because it’s not working out the way we envisioned. Giving in to the jitters is quite possibly the worst thing we can do.
Taking the long view and letting things play out is a much better approach. Whether it’s a new job, the stock market, a new relationship, a new workout plan or new project, giving up at the first sign of turbulence is ill-advised. It takes time to get traction, it takes time to find our groove.
It’s okay to be scared and to wonder how things will work out. We just can’t let those moments paralyze us into inaction.
Take the long view.
Give it time.
Let it play out.
And, more importantly, don’t look back.
When all is said and done, here’s what I’ve come to believe …. if something doesn’t work out the way you hoped it would, even after giving it some time, you can always choose to move forward in a different direction.
Just one more thing before I go … when it comes to the stock market, don’t look and take the long view!
Be well and make it a great day.