Don’t take any SASS: Struggles and Stock Stress
Do you start to get stressed out when watching your stock prices yo-yo up and down?
I do. I’m willing to bet that this has consumed your mind a number of days before. Especially when you’re losing money.
When your stocks are down, it’s common for people to stare at the tickers and look at every piece of news about the market. The technology that we have today allows us to completely entrench ourselves into the market’s world.
We’ve got CNBC running news, stock prices, and evaluations at us with Yahoo Finance streaming our quotes and bringing in tons of RSS feeds chalked full of info on the market conditions. Meanwhile you’ve got a copy of business week on your desk that you can’t even begin to think about until you completely devour your copy of The Wall Street Journal.
Now if that doesn’t cause you stress, I don’t know what will.
The most well known and successful investor lives a thousand miles away from Wall Street simply for this reason. Of course with technology one could still easily become entangled and paralyzed with the random fluxuations of the market. Warren Buffet chooses not to.
What does Omaha, Nebraska have that’s so appealing to him?
Peace and Quiet. You don’t have to make thousands of trades a year. You can do fine with only making a couple good ones.
So the next time you’re pulling out your hair because your Euro-Disney Stock is flailing, tighten your belt, turn off your computer, and go spend the day with your kids.
You never know when a good idea might hit you.