Bias for action. Gets things done. Go-getter. Traits companies big and small look for. And for good reason, you're being hired to do things! However, action is a secondary step that often overshadows the primary step, direction. Clear direction is the foundation that enables our actions to takeoff. Without it, we're stuck in the mud. Striving for clarity is an underrated skill. Having the courage to ask ( seemingly ) obvious questions, and to check in, making sure we're all on the same page. "O bvious " questions are a low risk, high reward way to add value. At worst, you'll add confidence to our actions. At best, you discover a misalignment that saves us from a dead-end. The more people, the more clear we need to be. The bigger the initiative, the bigger the risk of reaching the finish line, only to realize expectations were off. Success is always uncertain. But we can be certain about what we want and what everyone's job is. Things that can be clea
It's jarring to see your portfolio drop 30% in a few days. No matter how experienced an investor you are, nobody likes to lose money. In times like this, there's a lot of noise out there. Ranging from good advice to outright scams.
No one can predict the future, but markets have been through the wringer. From famines to world wars, financial collapses to political scandals. Odds are we'll get through this too. Things will bounce back. Until then, here's a couple things you can do to weather the storm.
Social Media Distancing
A lot of folks are stuck at home, bored. It's easy to lose your day to endless scrolling. Constantly checking your feed isn't making anything better. It only adds to your anxiety and stress. Check in to stay responsibly informed and stop there. This will reduce your likelihood of getting emotional. Emotional trading is never good. Stick to the plan.Stop Checking Your Account
The move to digital banking is great for investors. Financial services are more accessible and convenient than ever. 24/7 access to your account can have its downsides though, similar to 24/7 access to social media. Constantly checking your balance does you no good. The more you log in, the more likely you'll get caught up in the moment.Enjoy The Sales
It doesn't feel like it, but these are actually some of the best times to be an investor. If you're fortunate enough to be able to continue contributions, this is the sale of a lifetime. It's easier said than done. It's tough to invest when things are so volatile, but if you can handle the short-term pain, more than likely you'll be glad in the long run."Be fearful when others are greedy and to be greedy only when others are fearful.” - Warren Buffet
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