Even I have to sometimes consciously stop thinking short-term and get my long-term perspective back. It's hard when the election cycle has been going on THIS LONG. Recounts, legal challenges and then the GA runoff and now more inauguration drama and a potential 2nd impeachment. It doesn't help that Bitcoin has doubled in price in about 3 weeks and Tesla seems to go up 10% everyday (it doesn't but it feels that way). Everyone wants in on stocks because it looks easy and apparently you can get rich quick. However, It isn't either of these things. Investing is not easy and it's not a get rich quick scheme. None of these things are significant in the long-term because Bitcoin could EASILY go to $0 and Tesla could EASILY go to $20 per share. Specific categories of trading vehicles are definitely in bubble territory and All of this stock and political mania can easily affect our short-term thinking and trading/investing strategies. But it shouldn't. We'll be better investors if we don't let these short-term thinking affect decisions. We should work to keep our long-term perspective and make decisions today based on a long time frame. With quarterly earnings coming up, we'll be able to continue to assess the strength of company fundamentals and NOT how much stimulus money they will get. Investing in 2021 is going to be hard and it will require commitment and perseverance. The work has just begun!
