Jedi Master Wisdom
"Named must your fear be before banish it you can."
–Yoda, Star Wars: The Empire Strikes Back
Are you spooked about putting money to work in 2009 after the disaster that was 2008? I don’t blame you if you are, but there is no reason to be. The first step in getting over your fear is to name it. By first identifying why you are afraid to invest — e.g., lack of market understanding, fear of taking losses, fear of being wrong — you can banish it from your being and begin the path toward, as Jedi Master Yoda might say, the light side of the Force.
Wisdom about money, investing and life can be found anywhere. If you have a good quote you’d like me to share with your fellow Alert readers, send it to me, along with any comments, questions and suggestions you have about my radio show, newsletters, seminars or anything else. Click here to Ask Doug.
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
