Maybe you’ve noticed… but I can be an enthusiastic fellow! But some believe emotions don’t have a role in investing… I’ve got some thoughts.
Want content like this in your inbox each week? Leave your email here.
Maybe you’ve noticed… but I can be an enthusiastic fellow! But some believe emotions don’t have a role in investing… I’ve got some thoughts.
Want content like this in your inbox each week? Leave your email here.
Sometimes the business of life feels just like that: business. The business of staying healthy requires an occasional trip to the dentist or a plateful of greens when you’d rather eat something else.
But we’ve noticed a curious thing lately among some financial planner types. One related that a client said their meetings were like going to the dentist. Another compared the task of financial planning to eating your vegetables. Both talked about the planning process as something that is unpleasant, necessary, but good for your long-term welfare.
Our business with you does not feel like that.
Clients, we wouldn’t pretend to speak for you, but we often find both relief and joy in finding order in life’s chaos. It’s a pleasure to come to understand the meaning of your wealth. It seems we all get a little giddy when we check in and confirm you are on track for your long-term goals or can get your investments better aligned with your values.
What a treat!
As time goes by, the product of investment gains is sometimes wealth beyond expectations. (No guarantees, of course.) Reviewing a long history of beginning balances growing over time feels more puppy dogs and rainbows than dental appointments and bitter veggies.
Psychologists say attitudes are contagious. Some people have told me that I myself have a positive outlook. But that probably would not fully explain the difference in the tone and tenor of our meetings, compared to those dental appointment types. Maybe it comes down to these things:
People working together, in mutual respect—that’s what we strive to be about. And what a joy it can be.
When you’re ready to collaborate on your plans and planning, email us or call.
Want content like this in your inbox each week? Leave your email here.
Play the audio version of this post below:
The Harvard Medical School published an essay with this same title some time ago. The key lines: “Gratitude is strongly and consistently associated with greater happiness. Gratitude helps people feel more positive emotions, relish good experiences, improve their health, deal with adversity, and build strong relationships.”
Gratitude may be about past blessings, current conditions, or reflect a hopeful and optimistic attitude about the future. One of the best things about an attitude toward gratitude is that it can be cultivated.
In one study, three groups of people were directed to write a few sentences each week. One group was instructed to write about irritations or things that had displeased them. The second was directed to write about things that had affected them. The third group was directed to focus on things that had happened for which they were grateful.
After ten weeks, one group was more optimistic about life, and had a greater sense of well-being. That group also happened to exercise more and make fewer visits to the doctor. You can guess which one.
We believe there are interesting applications to the work we do together with you. Short term fluctuations in the markets may be irritating, but gratitude for long term returns might let us focus on more rewarding mindsets. The economy and markets always seem to be a mixed bag, but gratitude for opportunities may help us avoid a focus on problems that might prevent us from investing effectively.
At the heart of all this is the simple truth that we get to choose what gets our attention, what we focus on. Does choosing gratitude make us healthier, wealthier, and wiser? No guarantees, but we might have more fun while we find out together.
Clients, if you would like to talk about this or anything else, please email us or call.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
You must be logged in to post a comment.