No one likes to lose money. But some are better at keeping what they make than others. A great example is a client I’ve been working with since the late 90s. We have been through some tough markets together.
A large part of her success is knowing what it might feel like to lose her hard earned money.
We talked about our Arithmetic of Portfolio Losses chart when a family member recently suggested she get more aggressive and add more to stocks.
The arithmetic of losses is pretty clear. Print this out and keep a copy nearby. It might come in handy if you’re ever at a loss for words.
Latest posts by E.J. Smith (see all)
- The Problem With Mutual Funds Today - July 19, 2018
- Your Retirement Life: 1972 DeTomaso Pantera, A Coyote in Wolf’s Clothing - July 18, 2018
- Cryptocosm and Life After Google - July 18, 2018