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.
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