The Virtue of Strategic Ignorance

The Virtue of Strategic Ignorance

Strategic ignorance is a positive quality. It is choosing to ignore information that is detrimental to our well-being, and this sometimes includes market information

For example, let’s say at the end of September 2021 you hibernated, or put your head in the sand. You chose to not pay attention to the markets and financial news. And now let’s say you woke up last month and looked at your account for the first time.

Do you know what you would have found?

Missing the Fluctuations

You would have found that the market (S&P 500 Index) was at the same level last month as it was in September of 2021.  It was flat!

This may lead you to believe nothing of interest happened in the past year.

But, of course, we know that the markets were volatile. By not paying attention, you would have missed the market increase 11%, then drop 24% and subsequently rise 17%. You would have missed a lot of market fluctuations.

The Healthy Choice

When the markets are going up, it can be a lot of fun to look at accounts and see how much money we are making.

But when the markets go down, they often create anxiety, uncertainty, and fear. And many investors may be influenced to sell at the wrong time.

A better investment strategy is to choose to not look during especially difficult times.  The market will do what it does but choosing to not look can provide you with peace of mind and clarity – despite constant sensationalized news and market fluctuations.

– Kaleb Paddock, CFP®

Learn More

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 kaleb@tentalentsfp.com.

You can check out the Ten Talents YouTube channel by clicking here.

About Kaleb

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.

The Standard & Poor’s 500 Index is a capitalization weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. All indices are unmanaged and may not be invested into directly.