October 20, 2011…. Woke up to white this morning. Not a lot. But enough to know that winter is on the way. Of course, a couple of days ago, it was absolutely gorgeous–and warm enough to go for a run in shorts and no tee shirt.

I love this time of year.

I had a conversation with a client a few days ago–talking about how portfolio values can drop like a rock.

The conventional perspective is that most potential buyers, even those who realize that cash isn’t making them much of a thing in a cd these days, are psychologically swayed by the volatility of the stock market: since it’s possible to lose so much in seemingly an instant, then it’s better to just sit tight and hold on.

Not too long ago, I needed a new vehicle. (Clients would walk about of my office, look at my old one, and say “I’ll drive.”) I spent lots more money than I had intended, more than I probably should have. And just a day or so later, the market had one of those crash days and I’m gritting my teeth, cursing under my breath.

But then I got to thinking. I’m so glad I have the car. Had I let the market conditions deter me from making the purchase, I’d still be driving the old one, having my clients laugh at me. Now, I have what I want, what I need, and what more can I say….

So perhaps the general wisdom of sitting tight doesn’t make so much sense after all. If the market is just going to wipe that money from your account, isn’t it better to have something rather than nothing? Something that you can use and enjoy. Something that can nurture your soul–as mountain properties so often do. Something that can serve as a meeting place for family and friends. And, if all historical trends hold in place, something that one day will indeed be looked upon as a good financial investment as well.

So, what are you waiting for?