We’re Feel’n Mighty Gloomy

Investing requires some optimism about the future and at the moment we’re not feeling it, according to National data reported today. Reports show that 62% of adults feel the United Sates is on the wrong track, and 57% of voters would prefer to elect a new person to Congress than re-elect their local incumbent representatives.

Glimmers of optimism that emerged in the spring have been snuffed out by frustration over the gulf oil spill. Wars in Iraq and Afghanistan drag on. The economy limps along on one leg. High unemployment persists.

Health care reform passed but left many unconvinced of its value. Wall Street is perceived to be little more than a casino with the odds stacked in favor of the house. Financial regulatory reform grinds slowly through Congress and whatever passes may be so watered down that it is as suspect as the healthcare reform bill. All the while, tougher regulation of the oil and insurance industries waits on the back burner.

Given our sour mood, few of us want to even look at our 401(k) or IRA accounts, let alone actively manage our investments or make additional contributions. It’s easy to procrastinate and rationalize doing nothing.

My advice is don’t give in. Refuse to give up. Yes, things might look bleak. As a country, we’re definitely discouraged. But throwing in the towel never won anything. Sometimes, the best we can do is just persevere. Times change & this too will pass.