Yesterday after I got home from work, I looked out my back window and noticed that a burst of wind must have blown through because my pool was covered with leaves and flowers.
I grabbed my pool net and headed outside.
I don’t mind netting my pool in some ways it is relaxing, kind of like my own little aqua zen garden.
Anyway after scooping up a bunch of leaves I lost focus and rotated my wrist awkwardly and almost all of the leaves escaped the net and started floating in the pool.
Leaves were everywhere and it was like an underwater version of that scene on “Tommy Boy” where David Spade is in that nasty motel trying to vacuum up moths in mid-air.
So after several minutes I got all the leaves back in the net and walked to the other side of the pool. By this time the sun was just high enough to be shining in my eyes and beating on my face with it still being near 100 degrees.
And then I DID IT AGAIN, but this time with way more leaves. I thought to myself…what is happening? Why am I making this such a pain for myself??? I got angry and growled at myself and threw a mini version of a tantrum. Ha ha.
Now this sounds pretty trivial and it is, but it made me think how easy it is to forget and make the same mistakes over and over unless we are dedicated to transforming our results.
A friend of mine sent me this graph recently.
Without getting too technical it basically describes the market growth from Jan 2000 to Nov 2019 (so before all the crazy market downturn in 2020).
If you look there are 2 major loss periods where the market decreased by roughly 50% each time.
Furthermore, the “riding it out” line shows that the market was only growing by a 3.96% compounded return if you bought and held for almost 20 years.
Yes, very underwhelming I know…
So here is my point… As humans it is easy to forget our mistakes, just like my trivial pool blunder as a metaphor. When we keep going back to the same stock market strategies and hoping we are going to “ride the market back up” or “it will be different now” we are just kidding ourselves.
If you are looking to grow and protect your wealth from the Wall Street casinos and want to grow real long lasting wealth that beats the growth on this chart, just click this link and find a time to jump on my calendar for a complimentary discovery call.
Click here to book now.
If we can help, great…if not we will part as friends.
Until then, remember…
— It’s Your Time…