Are you sure? What about when compared to the S&P 500 during the entire post-Jobs era?
Maybe there is something else in your portfolio presenting the same psychological challenge. Are you holding on to something that is no longer serving you? Maybe it's a stock you have owned "forever" and have "grown to love." Maybe it's an annuity somebody sold you back in 1998 and you just don't want to admit you never should have bought it in the first place. Maybe you are holding onto the idea that a 60/40 allocation (60% stocks, 40% bonds) should get you safely to the promised land. My guess is that this concept applies to all of us on some level. The psychology of investing can't be accurately or dependably quantified. But just because you can't measure it doesn't mean it's not there, and it certainly doesn't mean it's not important.
-- Written by Adam B. Scott, founder of Argyle Capital Partners, in Los Angeles.
At the time of publication the author was long QQQ.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.