I am the newbie. I joined Steadyhand a couple of weeks ago and work as an Investor Specialist. My role is to talk with investors about Steadyhand.

What I’ve found out so far is that Steadyhand is a great place to work. The team really is committed to the client and being as transparent and direct as possible. Therefore, I don’t feel a need to sugar-coat things.

The phones haven’t been ringing off the hook, nor have too many bodies been rolling through the door, so I have had some time to do a lot of eating (leftover from the opening party) and a lot of reading.

The food has gone down well but the reading has turned my stomach.

What’s the cause of this indigestion? Noise.

What happened this quarter? What’s the best sector to be in? What is the Fed going to do next meeting? Where is gold sitting? What’s hot today? Who cares!

Sure this matters if you are a trader, but not for a regular investor trying to build a nest egg. As a long-term investor absorbed in this noise, it does more harm than good.

How can an investor avoid getting hurt? By recognizing there is no crystal ball and that consistently calling the shots on short-term market moves is highly unlikely.

Worrying about daily prices or chasing trends is a terrible fixation and hard on your mental health. Behavioral finance tells us that we feel the pain of a loss twice as hard as we feel the joy of a gain. Now, unless you are a sadist, why choose a road that leads to less joy and less money?