2016 Investing Theatrics, 2017 Investing Resolutions
The financial markets are now closed for the year and with all of the theatrics the verdict is in. Those investors with the following five characteristics prevail over those who fall victim to a host of mistakes and unsuccessful approaches:
- Investing from a superior position of financial strength.
- Being well prepared for a range of possible outcomes.
- Having an investment philosophy and approach you can confidently stick with and win with through thick and thin.
- Tuning out the noise, taming the emotion and focusing on what you can control.
- Investing for long-term success and, in the process, avoiding anxiety-toxic predictions, moves, comparisons, concentrations and traps.
There was no shortage of theatrics in 2016 that easily could tempt less disciplined and prepared investors to abandon solid long-term strategies to seemingly alleviate short-term fears. But if an investor succumbed to fears in February (worries about China, oil and negative rates), the summer (worries about Brexit), the fall (worries about the election) and post-election (worries about the surprise Trump/Republican win), they would in fact have created self-inflicted anxiety and would likely have been on the losing end of what they thought were smart moves.
We think all investors can reflect on 2016 and affirm (or reaffirm) one’s commitment to all five standards of excellence listed above. In the season of predictions and resolutions, resolve to avoid the highly unpredictable and often biased predictions, and instead, confidently pursue the five standards, with discipline, that will put and/or keep you in a position of optimal strength, agility, flexibility and endurance.
We at Janiczek® Wealth Management want to thank all of those who helped us experience yet another record-breaking year (record number of new clients and assets under management)! We wish you a Happy New Year and thank you for your friendship, business and support.
“We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons.” – Jim Rohn