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Bare Markets

 


In the always-sensationalized financial media, it seems there is always talk of the dreaded “Bear Market.” While there are various “technical” definitions of a bear market, it is quite simply a dramatic decline in the widespread value of investments. Even though these volatile periods are uncomfortable and are generally accompanied by difficult economic times, they have always been temporary.

Investors, since they are normal people, are prone to worrying about things out of their control, rather than focusing on what they can directly influence. And the financial media, aware of this fact, eats this up with a ravenous appetite. Amid the current economic struggles surrounding the COVID shutdowns and political uncertainty, bear market discussions certainly dominated the financial “news” in 2020.

While bear markets might get all the press, for many people, bare markets are much more destructive. What is a “Bare Market”? I am glad you asked. It is not something that happens in the financial realm, but something that happens inside our own heads. And unlike unpredictable bear markets, we know Bare Markets are happening because of the questions we ask.

“How little can I add to my investments every month and still retire by fifty-five?”

“How much junk food can I eat and still lose weight?”

“How much time can I spend on social media at work without getting fired?

“How little can I study and still pass?”

“How many gym sessions can I skip and still fit into my jeans?”

“How little time can I spend with my spouse and still have a good marriage?”

These are all signs you are experiencing a Bare Market. Essentially, all these questions boil down to, “What is the least amount of effort I can get away with?”

Bare Markets are plaguing our society right now. Many have stopped seeking excellence and look to barely squeak by. It is searching for the bare minimum. Barely do enough. Barely make a ripple. And sadly, barely make a difference. Do it long enough, and you will find yourself with the bare bones of a life, lacking the bare necessities, and having friends and family who can barely stand you. 

Strive for excellence and be wary of getting bitten by the Bare.

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