As an adviser and a financial journalist, the counsel to do nothing assumes you already have an appropriately risk-managed portfolio for your goals. If your goals are fuzzy and you’re chasing growth for growth’s sake, you’re spending a lot of time and energy treading water with no clear place to go.
When our values are clear, our decisions are easy. Also, we’ll have more time to spend doing the things that truly enrich our spirits and our health. The media, whatever the channel, will never speak directly and meaningfully to us as individuals. Information on the appropriate direction or action for us comes from within ourselves.
Donald E. Askey, a fee-only financial adviser and planner with offices in Amesbury and Boston, can be reached at email@example.com.