We are wired to take action.
From self-help books to accepted social norms…all coax us to be working on our plans and goals.
We are told that Karma is rewarded and produces consequences for our reincarnated avatars as well.
It’s glorified and celebrated and we all worship at the altar of individual happiness and success which is achieved by not being passive!
Unsurprisingly, it’s not good always.
“Iatrogenic or harmed by the healer” is a well-known concept in the medical field and it brings out so many unintended consequences.
Docs are ought to be giving prescriptions…suggesting actions and a roadmap for recovery negating the benefits of natural healing power.
Of course, not doing it has its costs (commercial & non-commercial like ratings & feedbacks), so can’t blame them only.
For our personal finance and long term investment goals, staying on top of things is not utility-maximizing all the times since it spurs us to do something.
Maybe a judicious mix of passive and active approach is better.
Be an active saver and let your carefully constructed portfolio grow…passively.
And for the “doer” in you — stock markets are open for zero cost speculating 😄😄