Q: Marked Private to allow 5i to vet for suitability. Please post publicly if you feel this post has any merit, otherwise just discard and accept my apologies.
Hello 5i and fellow members,
This is not a question, but just a comment about the current market turmoil. In reading the questions and answers over the past month or so, it is obvious that many members - and market participants writ large - are very much spooked these days.
Then, referencing a news item that speaks to the broad (very broad) mental health of Canadians and observing that anxiety, depression, worry, and fear have increased across the entire population as a result of 2+ years of Covid with no end in sight, geopolitical turmoil and uncertainty, and all of the other factors that cause the average citizen stress these days - the point is that even if one is not aware of it, one's mental health, outlook, perspective, etc. may not be as healthy, clear, and resilient as it was, say, three years ago. This means that there may be a fundamental, underlying, reason for one's reaction to events today that may not have been present in other circumstances even where the market itself was performing horribly.
I know my anxiety has increased but I am trying to school myself to put it into a broader context and not engage in hasty reactions to a horrible and uncertain market based on fear that may originate from two years plus of pandemic. The bad news seems to just keep piling on, but I am optimistic that in 3 years things will look radically different - and better! My response has been to do nothing major to our portfolio other than normal re-balancing where required.
I wish everyone out there all the best and hope this might help one in contextualizing their own reaction to events.
Cheers,
Mike
Hello 5i and fellow members,
This is not a question, but just a comment about the current market turmoil. In reading the questions and answers over the past month or so, it is obvious that many members - and market participants writ large - are very much spooked these days.
Then, referencing a news item that speaks to the broad (very broad) mental health of Canadians and observing that anxiety, depression, worry, and fear have increased across the entire population as a result of 2+ years of Covid with no end in sight, geopolitical turmoil and uncertainty, and all of the other factors that cause the average citizen stress these days - the point is that even if one is not aware of it, one's mental health, outlook, perspective, etc. may not be as healthy, clear, and resilient as it was, say, three years ago. This means that there may be a fundamental, underlying, reason for one's reaction to events today that may not have been present in other circumstances even where the market itself was performing horribly.
I know my anxiety has increased but I am trying to school myself to put it into a broader context and not engage in hasty reactions to a horrible and uncertain market based on fear that may originate from two years plus of pandemic. The bad news seems to just keep piling on, but I am optimistic that in 3 years things will look radically different - and better! My response has been to do nothing major to our portfolio other than normal re-balancing where required.
I wish everyone out there all the best and hope this might help one in contextualizing their own reaction to events.
Cheers,
Mike
