I might have been a bit too quick to push the panic button in the wake of the British vote to leave the European Union.
My fear — which wasn’t exactly what I predicted would happen — was that my retirement account was going to fly out the window as investors bailed on stocks.
The Brits’ vote to leave the EU did cause some momentary panic. It seems to have lasted a couple of days. The Dow Jones Industrial Average dropped about 800 points in those two days.
Then came a significant rally over the past two days. The Dow gained back nearly 600 of those points.
I had sent my financial adviser an e-mail message and implored her to “please tell me my retirement account is not going to vaporize.”
She called me right away. Her words were encouraging. Don’t worry, she told me. Your funds aren’t tied to the British markets. “You’re going to be fine,” she said.
It turns out — at least in the immediate term — that she is right.
As for the other pledge I made publicly — about not wanting to look at my retirement account for the next good while — I’m going to stay the course.
I might not look at it for the rest of the year. Then again, will I be able to resist opening the quarterly statements the investment firm sends us — the next one of which will arrive in the mail probably one day next week?
Oh, what a test of my internal fortitude.
I keep thinking of what the actor Danny Glover kept saying during those “Lethal Weapon” films … about being “too old for this s***.”