The Happiness Equation, as it relates to investing, is an interrelationship between your perceptions and expectations of investing and events. How do you manage happiness when you can’t manage the markets or the events that influence the markets?
The inserted article below explains.
Note: Your email may not show the embedded part of this blog … please go to the blog to be able to read the complete post.
In the interest of disclosure: I do use Dimensional sub-managed SA Funds with most clients (not a fund requirement, but a business standardization decision I’ve made because of the evidence based approach. A short video (2:39) about Dimensional’s approach.
Analogies that explain the difference between investing and planning which many don’t realize are different:
- Investing is the fuel for your plan – it is not the plan itself.
- Investing are the cables that support your bridge which is the plan that gets you where you are to where you want to get to.
This blog is not a solicitation; simply an explanation of a basic philosophy and approach.