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ity at home plummeting. And yet, the portfolio isn’t something you should look to making smart investment decisions
worse things got, the more optimistic the to for entertainment value or to validate going forward. Be self-aware, be rational,
president’s speeches sounded. “When your sense of self-worth. It is, instead, and be ready to think through your next
looking a potential loss in the face, we an investment that you should feed and moves without being influenced by your
hope against hope that everything will manage intelligently and dispassionately emotions.
turn out okay,” the authors conclude. on a regular basis solely with an eye to Brooks C. Sackett, CFP, CIMA, AIFA, is
Call it what you will, the tendency to long term positive returns. president of Chief Capital Management, Inc.,
be emotionally influenced by real-time, Think about the ideas covered here a Registered Investment Advisor. He specializes
short term developments and to even and as we move toward the threshold in helping clients build peace of mind while
make long term decisions based on these of what may be a long-awaited recov- growing financial security. You can contact him
developments is a huge mistake. Your ery from a terrible recession, commit at 509.448.2680 or brooks@chiefcaptial.com.
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www.spokaneclub.org . January 2010 . 29
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