Don't Know, Don't Care
A story that runs far beyond your portfolio.
Like most of us, I tend to shun painful thoughts, people, experiences...
However, in reading a book on finance, Your Money & Your Brain, I discovered a better way to think, and live.
Don't Know, Don't Care
Rather than getting rid of whatever seems to be bothering me. Why don't I move my life towards a position where I'm OK either way.
In the finance book, the author was making the case for passive investing.
What's going to happen to... ?
Should I sell?
Should I buy?
Where will interest rates be next year?
Corporate profit margins, availability of bank credit, tax policy, insolvency risk, terrorism, politics....
There is no end of worries available to you.
If you're following a passive strategy with a fixed monthly investment then none of the above matter.
Another benefit is I don't have to follow the noise that's constantly pouring out of the media.
Once I saw the logic of changing one area of my life, I started to consider the other areas where I trade happiness, for worry.
Step into the mind of young woman:
Will they like me?
What will they think about my shorts?
Do my shoes match my outfit?
Sweetie, I don't know but I think you're terrific.
The "don't know" strategy doesn't make me immune to the opinions of others, but it gives me a mantra to occupy my mind on something more useful than worry.
Life is none of my business.