The Art of Rewiring

When I first started this piece, I was focused on bringing to light the psychology of retiring or “rewiring” as a good friend of mine put it. Even though I am in my 49th year of full-time employment and should be thinking about what I want to do for the rest of my life, the concept of “rewiring” was and still is foreign at best. I don’t sew, knit, or garden. Sure, I could travel a bit, do some consulting, volunteer, and maybe teach some but would that be enough? I am a Type A personality and have a very hard time not being productive and busy.

As all these thoughts were going though my head it hit – the CORONAVIRUS! Suddenly it was not just about the people retired or nearly retired, the entire world was facing rewiring their lives, at least for a while.

Everywhere we turn we see the breaking news! The Covid-19 cases are going up as we all ride the roller coaster known as the stock market. Every one of us is wondering what these uncertain times mean for us both individually and collectively.

Even though I am an eternal optimist, as I watched the news, I must admit fear and a little panic showed its ugly head and I began to wonder what the future would hold. How could all of this be happening? Health concerns and the economy all at the same time. This was unprecedented.

Seeking some solace, I contacted my eighty-six-year-old stepmother to talk about the fear I was feeling, and she assured me that “this too shall pass.” Of course, my reply was “but THIS is different.” She agreed it was different but reminded me that my grandparents had weathered the Spanish Flu, WWI, and the Great Depression all of which were “different” at the time. She commented that she and my father were already retired when the stocks tumbled in 1987 and again in 2001, and let’s not forget 2008.

It dawned on me that through my many years at Private Ocean, our investment philosophy has always been to stay the course in trying times, minimize the news that shouts to us from our phones, computers, and televisions, and hold firm to the belief that “this too shall pass.” Of course, that doesn’t mean complacency and our investment team is always monitoring our investment strategies.

When I hung up the phone, I realized that now is the time for everyone to hone the art of rewiring. For some it is a time to learn how to work from home with children in tow. For others it may mean taking time to go through that box of old photos or clean the garage, to dust off that book you’ve been meaning to read or pull out that old instrument you haven’t played in years. For everyone, now it is a time for empathy and compassion for others.

Taking some time to reflect on all that is positive, there is no doubt in my mind that we will emerge on the other side of this moment in history better and stronger than before. As you take pause know that your portfolio is in good hands at Private Ocean and if you have questions or concerns your advisor is just a phone call away.

IMPORTANT DISCLOSURE INFORMATION

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the  future  performance  of  any  specific  investment,  investment  strategy,  or  product (including  the  investments  and/or  investment  strategies  recommended  or  undertaken by Private Ocean,  LLC [“Private  Ocean”]),  or  any  non-investment  related  content,  made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated  historical  performance  level(s),  be  suitable  for  your  portfolio  or  individual situation,  or  prove  successful.    Due  to  various  factors,  including  changing  market conditions  and/or  applicable  laws,  the  content  may  no  longer  be  reflective  of  current opinions  or  positions.    Moreover,  you  should  not  assume  that  any  discussion  or information  contained  in  this  blog  serves  as  the  receipt  of,  or  as  a  substitute  for, personalized investment advice from Private Ocean.  Please remember that if you are a Private Ocean client, it remains your responsibility to advise Private Ocean, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/ evaluating/ revising our previous recommendations and/or services, or  if  you  would  like  to  impose,  add,  or  to  modify  any  reasonable  restrictions  to  our investment advisory services. To the extent that a reader has any questions regarding the applicability of any  specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Private Ocean is  neither  a  law  firm  nor  a  certified  public  accounting  firm  and  no  portion  of  the blog content should be construed as legal or accounting advice. A copy of the Private Ocean’s current written disclosure Brochure discussing our advisory services and fees is available for  review  upon  requestor  at www.privateocean.com. Please note: Private  Ocean does not  make  any representations  or  warranties  as  to  the  accuracy,  timeliness,  suitability, completeness,  or  relevance  of  any  information  prepared  by  any  unaffiliated  third  party, whether  linked  to Private  Ocean’s web  site  or blog  or  incorporated  herein,  and  takes  no responsibility   for   any   such   content. All   such   information   is   provided   solely   for convenience  purposes  only  and  all  users  thereof  should  be  guided  accordingly. Please also note: If  you  are  a Private  Ocean client, please advise  us if you have not been receiving account statements (at least quarterly) from the account custodian.