Control

April 1, 2020 - Published by IAG Wealth Partners

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One of the most amazing revelations from the COVID-19 pandemic is how little control we actually have over our daily lives.

In February our daily routines provided us with a sense of comfort, we generally had the freedom to do what we wanted when we wanted, and our social circles gave us a sense of community.

All of that is gone, and for millions of people their jobs disappeared as well.

For some people this rapid plunge into uncertainty creates debilitating fear and frustration. With the illusion of self-control smashed, they are left feeling disoriented and hopeless.

During these stressful times, it is important to focus on what we can still influence or control:

  • Monitor your mental diet. Our world is flooded with negative news right now. Stay informed, but set limits on how much time you dedicate to digesting the information and propaganda chaos. This is entirely within your control.
  • Take physical precautions. Nobody wants to be sick or make others sick. Limit your time near other people, wash your hands frequently, and keep your hands away from your face. Maintain your personal relationships using video. This is entirely within your control.
  • Avoid painful memories. Your quarterly investment statements will be arriving soon. They reflect an historic short-term decline, not a post-pandemic future. Consider setting them aside and opening them in a year or two. This is entirely within your control.
  • Make a difference. Help your neighbors, pray for those in need and those on the front lines, help stock the food pantries, donate blood, or anything else you can think of to be a contagious source of hope. This is entirely within your control.
  • Rely on your strengths. Whether it is your Bible full of eternal truths, your family that is always there for you, or another source of strength beyond yourself, always make time to reinforce your solid foundation by maintaining those connections.

It is humbling to experience the reality that so little is truly under our control. However, it also provides us with the opportunity to evaluate and prioritize the time we have been given.

We will emerge from this darkness together in due time. Our prayers are that you and your family stay healthy and safe.

 

 

Quote of the week: Daniel Kahneman: “Happiness is determined by factors like your health, your family relationships and friendships, and above all by feeling that you are in control of how you spend your time.”


Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through IAG Wealth Partners, LLC, (IAG) a registered investment advisor and separate entity from LPL Financial.

Past performance is no guarantee of future performance. In fact, the opposite can be true. The information contained in this report does not purport to be a complete description of the securities, markets, or development referred to in this material. Investing involves risk including loss of principal.

Any opinions are those of IAG and not necessarily those of LPL Financial. Expressions of opinion are as of this date and are subject to change without notice. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. No strategy assures success or protects against loss. Investing involves risk including loss of principal.

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