Overcoming Investing Fear
(and Generally Feeling Better)
(and Generally Feeling Better)
For the most part, my clients are excellent during times of market turbulence. We've been through it so many times, and those that do call when the market is collapsing are usually wondering what to buy. In the last two days, the market has moved, counting the intraday jiggles, about 2000 Dow points. I did get one nervous call today, and one guy who was kind of depressed, and I can tell you that there is one common denominator for clients who are fearful or depressed, so there is one question I always ask: "How much TV have you been watching?" And the solution is very simple. In fact, there is a chapter in my book-in-process whose title sums up the solution: "Click" One night, several years ago, the platinum wife Melanie and I were watching our local 11 PM News, and the first five items in the news that night were, I believe, a fire, a murder, an armed robbery, and updates on a rape case and a political scandal... at which point, I turned to Melanie and said,...