You may be familiar with the term “asset allocation”, which is how we divide up our assets (stocks, bonds, cash etc.). Attention allocation is how we divide up our attention.
Paradox of Abundance
The paradox of abundance states that there is a tradeoff between quantity and quality. The greater the quantity of a good or resource, the less its quality.
As investors, we are faced with a limitless quantity of market commentary and predictions, much of it conflicting. We are often left wondering which one will actually transpire.
And stock prices are constantly fluctuating, providing an abundance of fleeting data. We may go from positive and bullish one day to negative and bearish the next.
Such an abundance of ever-changing and conflicting information can make an investor’s head spin.
Which information do we pay attention to? And what do we ignore?
Allocating Your Attention
Many investors focus their attention on price fluctuations, the news story of the day and predictions…all things that are unpredictable and uncontrollable.
It is much better to focus on your plan, remaining disciplined, and enjoying those things that matter most to you in life. Those are things that are completely in your control.
This is why I am here. I help you remain composed and focused on those things that will help you make wise decisions, especially during times of heightened uncertainty and concern.
– Kaleb Paddock, CFP®
P.S. When you stay invested and stick to your plan, you get the benefit of compounding dividends. Check this out if you want to read more: https://advisor.visualcapitalist.com/dividend-investing-volatile-markets/
You can learn more about Ten Talents and Kaleb Paddock, a financial advisor based in Parker, Colorado, by clicking here.
Kaleb can be reached at (720) 710-0939 or firstname.lastname@example.org.
You can check out the Ten Talents YouTube channel by clicking here.
Hi, I’m Kaleb. and I’m the Founder of Ten Talents. I’m blessed to be regularly featured in CNBC, MONEY, and Business Insider personal finance articles. I’m a CERTIFIED FINANCIAL PLANNER™ (CFP®) Professional based in Parker, Colorado and I’m a fiduciary and fee-only advisor.
Put simply, this means that I don’t sell you financial products. I act in your best interest at all times. And my pricing is clear and easy to understand.
My Client are Eyeing Retirement Decisions
My clients are eyeing retirement decisions, often work at technology companies, or have experienced a sudden money event (inheritance, home sale, business sale, stock IPO, gift).
I love bringing confidence and clarity to your financial situation and I’m passionate about helping you take control of your financial future.
You can learn more about me and Ten Talents by visiting my website: www.tentalentsfp.com.
©2022 The Behavioral Finance Network.
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