Feb 05 2008
How To Stay Calm When Your Money’s At Stake
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I once had a 3 ½ million-dollar client who was afraid to let his wife buy boots. Over the years Bill (not his real name) had built up a tidy nest egg, but he lived in fear of losing his money. So I’d hear from him often, usually as soon as his statement came in, and his voice was always full of worry. “This investment is down – should I sell it? Do I have too much of that growth stock in my portfolio?” Month in and month out, whether the markets were up or down, he was always second-guessing his investments. What he wanted to know is, am I going to be alright?
Losing money is never easy. It’s even harder when you [...]
Original post by admin