A Thanksgiving Message From MyWallSt
Happy Thanksgiving folks!
As our friends across the pond tuck into their bountiful feasts today, things might feel a little different this year. After more than 10 months of living with this pandemic, many of our lives have been upturned, and there might not seem like a lot to be thankful for.
However, the real fear for investors this year has been uncertainty.
COVID-19, a strange presidential election, forest fires — it’s been a difficult 12 months, leaving many of us unsure about what’s going to happen next. Even the production of several successful vaccines — which looks ever-more likely to happen sooner rather than later — will not suddenly bring us back to February.
That isn’t necessarily a bad thing though. Uncertainty and fear have often led to the greatest change; perhaps working from home from now on gives you more time with family. Perhaps the pandemic has convinced you to get into shape, or even just watch that show you’ve had on your Netflix ‘List’ for two years.
In the words of recent Stock Club podcast guest, Morgan Housel:
“There’s the big unknown: the crazy, disconnected, counterintuitive change set in motion this year that we’ll only be able to piece together in hindsight. The kinds of things that only happen when seven billion people have their lives thrown upside down, experience a bunch of stuff they’d never imagined, and are either motivated or forced to do something completely different than they had considered in January.”
So if you have five minutes to yourself this Thanksgiving, we suggest that you check out Housel’s essay on The Collaborative Fund blog here.
If, as an investor, you’re feeling any uncertainty about your portfolio and what 2021 will bring, it’s well worth reading this piece. It should bring a bit of much-needed perspective.