WISDOM FROM A FAMILIAL SOURCE
"People can live with lost opportunity easier than they can live with lost money."
— Dick Fabian
My father wrote this many years ago when he first created the Telephone Switch Newsletter, the predecessor to what is now Successful Investing. After nearly three decades, this principle still holds true. In fact, now more than ever, investors must guard against the possibility of a major downtrend in equities. Your first duty as investors is to manage risk, and right now, this market is rife with risk. So on days like today, when the market is up nearly 200 points, remember that lost opportunity is a lot less painful than lost money.
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.
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.
