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Financial Pornography – Why Your TV is Bad for You

By: Curt Stowers

2018 has started out super volatile. And the press is bringing up memories of 2000 as well as 2008-2009. They are asking us to “remember” these bad times and offering that we may be in line for something similar in the not too distant future.

Two thoughts on this: Maybe. And “So What?”

Markets will go up and will go down. That is their nature. That is how it has ALWAYS been; and, in my opinion, that is how it always will be. However, I go back to my two basic beliefs:

  • Twenty years from now there will be more people on this Earth.
  • Twenty years from now the global economy will be larger.

Amazingly, in spite of almost universal agreement with the above, you never hear talk of these two things in the news. That’s because these topics are not “sexy.” Instead, the media focuses on the titillation associated with outlandish potential behaviors in the market—and that’s financial pornography in my language.

The key is to tune out the noise and focus on what you can control: a well-constructed, well-executed investment policy strategy. While such an approach does not guarantee success, it has a strong track record of solid performance.

The linked article goes into detail on this topic. Read the article here.

  • Are you addicted to financial pornography and ready to break the habit?
  • If so, would you like to partner with someone that can get this trash out of your financial life?

Feel free to send us an email or give us a call. We’d love to have the opportunity to hear about your situation and your thoughts on this post.

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Enjoy the read and remember, it’s NOT about the money. It’s about how the money supports your goals!

About F5 Financial Planning

F5 Financial is a fee-only wealth management firm with a holistic approach to financial planning, personal goals, and behavioral change. We provide insight and tailored strategies that inspire and equip our clients to enjoy a life of significance and financial freedom.

At F5 Financial Planning we focus on helping individuals and families find balance between faith, friends and family, fitness and finance.  We make sure that they have the financial freedom to enjoy those things in life that are important to them.  And while we believe the left-brain facts and data are critical; we work with our clients to get them in the right state of mind to focus on the goals they want to achieve.

Photo credit: RawPixel.com (on Unsplash)

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F5 Financial Planning provides fee-only financial planning services to Naperville, Plainfield, Bolingbrook, Aurora, Oswego, Geneva, St. Charles, Wheaton, Glen Ellyn, Lisle, Chicago and the surrounding communities.  Curt Stowers is a fee-only financial planner. He has passed the CFP® examination.  Contact or visit Curt at his Naperville location.

 

We’d love to have the opportunity to hear about your situation.  Send us an email or give us a call to find out more about next steps.

 

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