Nothing is perfect...does it need to be???

As a HENRY or Pre-retiree looking to create a plan to achieve your financial goals, you know it is not possible to predict the future. At Drucker Wealth we believe so strongly in educating our clients on how behavior will impact financial preparedness, and we make it a point to talk about behavior every opportunity we get.

Carl Richards recently shared a message that resonated so closely with our core beliefs we wanted to share it with you as well. 

If I’m not careful, I can get stuck on the idea of wanting things to be perfect. You know—planning the perfect trip for my family, creating the perfect presentation for an event, writing the perfect email. There are moments when I let “perfect'' get in the way. It seems like such a good goal, right? Who doesn’t like perfect?

The reality is that chasing perfection rarely leads to satisfaction because there are so many things outside our control. In fact, I can assure you that it's an all-but-guaranteed path to insanely high levels of frustration. 

I mention this because I get the impression that some of you have become preoccupied with the idea of finding the perfect investment.

Maybe you’ve got your eye on an upcoming IPO, or you’re watching a particular stock that’s performed well. Whatever the criteria, you think that maybe, just maybe, you might be on to something. 

But investing decisions, if they could ever qualify as perfect, rarely stay perfect for long because… we’re human! The markets themselves are a reflection of our humanity and how we feel at any given moment. Unemployment goes down. Great! The market goes up. A few days later, the housing report shows a drop in sales over the previous year. Bummer. The market goes down.

Where’s that perfect investment now?

Perfection as a financial goal is impossible to achieve. There are so many variables at play that it becomes a bit like a game of Whac-A-Mole. Where will the next problem pop up? 

What if, instead of chasing perfection, we went looking for something a little simpler? What if we focus on finding financial options that meet most of our wants and still leave us time and energy to do things we enjoy?

It comes down to making the most of any particular situation and not beating ourselves up over the things we can’t control.

And by the way, that advice doesn’t just apply to investing.

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