NEW YORK (TheStreet) -- Brian Sozzi writes for TheStreet's Real Money premium service. You need to read him.
It's been a crazy 10 days for many Americans. The hurricane shut the market down. It stirred emotions for many of us. And, now, bingo, it's Election Day.
While these are real events that warrant emotional responses, they can also distract investors. Put the hysteria in perspective and, as Sozzi suggested this morning on TheStreet, Don't allow the election to soften your focus ...:
Four years ago I sat in a dungeon reading emails from clients on how they felt powerless as the election unfolded. But the reality then, as it is now, couldn't be further from the truth. Seize on your passion for investing and the need to be positioned correctly out of the election gate.If you follow the stock market, concern yourself with politics and love investing, that excerpt from Sozzi's piece should fire you up. If it doesn't, you need to spice things up in the master bedroom that is your trading platform. It's time to look in the mirror and reassess why you invest. As I did this morning, I often hammer hard to make a point. You have to do that from time to time. The enormity of the information flow makes it a necessity. At the same time, it's important to take deep breaths and reflect. Do you invest to further some aimless political agenda? It amazes me every time memes such as Obama is turning America into a socialist country or Romney will take away women's rights enters investment-related discourse. Step back. It's not so much that these talking points enter the discussion -- because, for better or worse, inane political "discourse" is relevant -- but how they impact the discussion. Investors should be overzealous in one regard only: Making money to reach their goals and set their families and, if lucky enough to do it, their communities up for better days. The idea that your passion for Obama or Romney will somehow change the world is patently absurd. I'm all for idealism, but not misdirected dogma, vim and vigor. Save it for Fox News, MSNBC and egomaniacs such as Limbaugh and Jon Stewart. That whole scene should only influence your portfolio insofar as it impacts your stock selection. Consider the nuance there. You think Obama is an evil communist. Or that Romney hates women. OK, fair enough. You have opinions like the rest of us. Put down the signs and stop blaming partisan platforms for your fate.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV