Can you remember a time when you read or heard something about money in the news, you acted on it, and then, with the benefit of hindsight, you were glad you did?
No? Me neither.
I’ve only met one person who could. It was a change in the tax rules that they acted on.
Isn’t that interesting?
Think of all the financial pornography out there, Sunday papers, Saturday supplements, scrolling news, websites, blah, blah, blah.
Noise. Almost all of it is noise.
Almost none of it is actionable.
Once in a while, there may be a little, tiny speck of information that might be useful. But you have to wade through a plethora of rubbish to find it.
This leads to one obvious question: Why are we paying attention to the noise in the first place?
It might be fun, if you’re into that kind of thing. You know, like going to the circus. But most likely, it’s just a waste of time.
What if, instead of obsessing over money porn you used that time to work on that list you have…
You know, “The List.” The one that has all the really important things you actually want to do with your time.
Doesn’t that sound so much better than spending another hour watching the financial news?
There is an inverse relationship between investment performance and time spent watching financial news