I don’t know about you but I am watching and reading with disdain and frustration at the infighting and backstabbing over the Labor Party leadership. It makes me want to scream out loud, in a “stream of consciousness” way, something like:
“What the hell are you thinking? You pushed Kevin out, Julia backstabbed him to get into power, the electorate didn’t rate that highly and consequently you basically lost the election and now Julia is on the nose, Kevin’s trying to get revenge when he should have some bloody pride and dignity and shut up and support his party, Julia’s clinging to power but looks nervous, the faceless ridiculous “powerbrokers” who managed to convince Julia to step up are now running around counting numbers when they should all be worried about running the country before the next election comes around in 18 months and quite frankly they should all know they’ve got Buckley’s chance of winning the next election because everyone is sick to death of the endless monotonous distraction of leadership issues and the flagrant display of disloyalty that is the current government.”
Phew…I feel a lot better now. All those in favour say “Aye”.
But don’t we all have our own “underminers” and “distracters” when it comes to our investments and money management?
We are bombarded with an avalanche of information on investing, the markets and the economy from our TV’s, computers, phones, newspapers and magazines. You can’t read it and hear it all but it can be a mighty big play on our minds that we have to keep up with everything or the world will cave in and our money with it. It all seems so incredibly URGENT!
Then there are those that seek to set us off course by raising their eyebrows when we happen to mention what we have invested in. Uncle Don is convinced shares are evil personified and no sane person should have them in their portfolios. Aunty Joan can’t believe you wouldn’t buy your own home because property always goes up, you know, dear.
Lucky for us (but not poor Julia) we don’t have to answer to anybody else (assuming if you have a spouse you are operating as a team!), when it comes to running our own little domain that is our wealth. No-one is going to vote you out at the next tribal council because they don’t like you or your strategies.
We set our course by visualizing and talking about what we want, we decide on how we are going to get there (with the assistance of one or very few trusted financial advisers) and if we veer off our path, guess what? The only person really to blame is…ourselves! Oh the joys of responsibility and accountability.
My message here is one of focus. The world is a complicated place and making decisions about how to invest and grow our money is never so black and white that it comes with guarantees. We take the time to do our research on good advisers and what and how much to invest. We do the best with the information we have at hand and we strike out on our path. Making corrections in itself isn’t wrong but only after due consideration to the options.
Don’t get sidelined by fear and anxiety about the perfect strategy. Stick to one. Swapping around and changing strategy at whim with the latest set of data or information is a shambles…just ask the Labor Party after the next election!
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