Or are you trying to beat the market?
It would be nice if both were concurrently accomplished.
That’s not usually how it works.
So, if you had to choose, which would be more important to you?
There’s a world of difference between the 2:
Your goals are led by the former: You understand that as long as your financial goals are met, it’s irrelevant if you beat the market.
Your goal is the latter: You simply want to beat the market.
Focusing on market performance is the opposite of financial planning.
The inverse also holds true: Financial planning is the opposite of market performance
Obviously there’s a world of nuance between the 2 statements, but that’s not my point today.
My point: Focusing just on market performance? That’s tunnel vision. There’s no context to it, albeit the temporary rush you get when you exceed your benchmarks.
Financial Planning? That’s the opposite. There’s usually no temporary rush. But there is a permanent rush.
It comes in the form on knowing that you have a plan in place to reach your financial goals, that your assets are aligned to those goals, and that they afford you the probability of living the life you want.