Joy In Investing
Peter Katevatis - Apr 18, 2018
Happiness is one of my favourite topics. It seems like such a basic human attribute but it is so different for each person. I asked a few people, “What brings you joy or happiness?” and here are some of their responses: The uninhibited giggle of
Happiness is one of my favourite topics. It seems like such a basic human attribute but it is so different for each person. I asked a few people, “What brings you joy or happiness?” and here are some of their responses:
- The uninhibited giggle of a child
- Freedom (attained by having more money)
- Fresh cinnamon buns
- Getting to the top of the Grouse Grind
- Not doing the Grouse Grind (these two were standing together)
- Sitting alone with my oils & canvas
- A 310-yard drive with a slight draw
I mention this as too many investors have little or no joy in their investing. Sadly, too many people do not even open their mail when the monthly statement arrives since the experience is so unpleasant. There is a very simple solution to this problem… change.
I know you are thinking - whoa there slow down we don’t want to do anything radical…and that is the problem with change, it makes people uncomfortable. As much as someone’s investment strategy does not create the joyful comfort it is intended to, changing is even MORE uncomfortable. Humans have a high propensity for optimism so by maintaining an existing investment strategy we can comfortably cling to the belief that things will get better. Many of us don’t like to change even when an overwhelming amount of evidence indicates that is the best course of action.
Change is happening all the time, so either you roll with it or it will roll over you. I highly recommend rolling with it (like that cinnamon roll).
Before you make a change for change’s sake, you first must isolate your source of joy. If you can’t figure it out, try this exercise: Every time you laugh or smile, write down what happened. Over time, you will see a list of items make their way to the top of the list, multiple times. These are the things you want to do more often. There are probably things that make you joyful that you don’t get to do. Do those things now, or at least after you finish reading this, so you can add them to your list.
Once you have identified your personal joyful triggers, you should structure your investments (maybe even your lifestyle) in a way to maximise the benefit of your specific goal. If you need help figuring out how to structure your investments to meet your goals there are many seasoned professionals around to help steer you in the right direction. Life can be challenging, tiring and too short… make sure you have as much fun as possible along the way.