In the spring, we checked in with friends and family as work and school and much of life was in upheaval. Some folks were struggling more than others. We talked with one friend who sat through meetings in the office about how the switch to remote work was going to be handled when (not if) the team went that direction.
“I heard what they were saying, but I didn’t believe it,” our friend said. Within days, the team was out of the office. The friend was home three weeks before it finally sank in: work had gone remote.
Have you ever felt that way? Like your body has moved somewhere but your mind is refusing to catch up?
“It just feels like I’m waiting for Monday, like we’ll be back any day now,” the friend said.
The shock of change can have lots of effects on us, and we do not fault anyone going through this thought process. It made us wonder, though… What is the pandemic teaching us about time horizons?
You’ve heard this from us before: “long-term investing” is a little redundant. as we believe better chances for success lie in longer time horizons. It’s easy to outperform a strategy for short-term goals if you’re playing the long game.
2020 has been a months-long lesson in this perspective, hasn’t it? As spring turned to summer, a lot of folks had to come to grips with the idea that we could be in this situation for a while.
We are all about taking things one at a time, about taking life one day at a time—but how would our day-to-day change if we were geared toward the long term?
“I could be here a while…”
How could that phrase change your home life? Your retirement goals? Where you want to wake up each day? Your grocery and shopping routines?
Clients, what a time of change and reckoning we’re living through. But we’d like to help you do just that: live through it. Live in it.
When you’d like to talk about this or anything else, please write or call.
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.
All investing involves risk including loss of principal. No strategy assures success or protects against loss.