I loved this post by Josh Brown. Just go read it….And then remind yourself that you’re not nearly as smart as you probably think you are. And then remember that it’s not different this time. And then remember that chasing a stupid stock market index has nothing to do with your actual financial goals (unless you’re one of the 75% of managers who’s lagging the index this year). And then remember that the stock market is not a game. And then forget everything you just read and go do a whole bunch of stupid stuff with your money. 🙂
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.