March 18, 2020

Hope vs. Fear

Author: Michael Jette, CFP®, CLU®, ChFC®

 

Fear is a powerful emotion.

Our country and the world are awash in fear and anxiety as a result of the Coronavirus pandemic. The constant 24-hour news cycle and proliferation of social media have helped stoke fear that results in all kinds of unhelpful behavior … like the hoarding of toilet paper and emptying of grocery store shelves.

At the same time, it’s been good to see the country pulling together to stem the spread of the virus through social distancing … even if some of it is a result of fear. This strategy will eventually disarm the virus.

Hope can disarm fear’s power.

Hope envisions but does not depend on outcomes. The value of hope is fundamental and internal. Before he became President of Czechoslovakia, Václav Havel spoke of hope as he challenged the Czech people to risk a new dream: “Hope is a state of mind, not a state of the world. Either we have hope within us, or we don’t. It is a dimension of the soul; it is not essentially dependent upon some particular observation of the world . . . (Hope) is NOT the conviction that something will turn out well, but the certainty that something makes sense, regardless of how it turns out.”

Hope is not the same as optimism. Optimism requires a belief in progress – that things will in fact get better for me. Hope includes all the psychological advantages of optimism, but it is rooted in something deeper.

One day this bear market will end as they all do. But market volatility and economic uncertainty will always be with us.  Know we will continue to work hard to help our clients accomplish their goals by improving and executing a dependable investment process that focuses on our best ideas and things we can control. Our prayer for all of us in these trying times is to choose not to be afraid and cultivate an attitude of hope in all circumstances.

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