17/03/2020
๐๐ผ๐ปโ๐ ๐ฃ๐ฎ๐ป๐ถ๐ฐ? ๐ง๐ผ๐ผ ๐บ๐ฎ๐ป๐ ๐ฐ๐ผ๐บ๐บ๐ฒ๐ป๐๐ฎ๐๐ผ๐ฟ๐ ๐ฎ๐ฟ๐ฒ ๐๐ฎ๐๐ถ๐ป๐ด ๐๐ต๐ฎ๐.
Uncertainty isnโt a pleasant thought. If we can better understand how we process our thoughts in uncertain times, then perhaps we can move on to better understand why โdonโt panicโ could be the best advice.
Anatomy of the brain plays a critical part in how we make decisionsโฆ.
Your left-brain processes logic and rational thinking/behaviour. I labeled that side โ๐๐ฒ๐บ๐ถ๐ฐโ for pandemic. Factually we are suffering the effects of a pandemic (financially). Your brain has good reason to signal concern.
Our right-brain processes emotion/feelings, I used โ๐ฃ๐ฎ๐ป๐ถ๐ฐโ to suitably explain. Your imagination is generated from this sphere of the brain too. As we cannot quantify the risk, itโs only fair that the right-brain dominates and signals fear (fight or flight).
So โpanicโ is a normal response, and in all honesty โฆ. itโs not just you!
Why not panic you might add?
Factually humanity has recovered from all previous pandemics. Our Markets too have recovered from all previous crashes. So logically and rationally these statistics are extremely probable to occur once again (recovery).
Investors who have elected to stay invested have recovered from all previous โpanicโ market scenarios.
Reiterating this education in the left-brain will reduce the bias of the right-brain, a clear decision can now be made.
To defeat Covid-19 the world needs to collaborate using techniques like social distancing and impeccable hygiene. Financially, collaborating with your Financial Advisor will be key to your recovery too. Your Financial Advisor being your Left-Brain when you need it most. Your financial โRockโ. Your voice of rational reasoning. Letโs collaborate and have the difficult conversation.
