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)
- Dividends Win Today, They Won Yesterday, and They’ll Probably Win Tomorrow - September 13, 2019
- Trump’s Plan to Finally Privatize the Mortgage Industry - September 12, 2019
- You Can Kiss Your Savings Goodbye if this Happens - September 11, 2019