Best of the Week
Most Popular
1.Gold Price Trend Forecast, Where are the Gold Traders? - Bob_Loukas
2.Stocks Bear Market of 2017 Begins? Shorting the Dow At its Peak! - Nadeem_Walayat
3.Betting on President Trump Leaving Office Early, Presidency End Date - Betfair Market - Nadeem_Walayat
4.Why Stock Market Analysts Will be Wrong About 2017 - Clif_Droke
5.Is This The Best Way For Investors To Play The Electric Car Boom - OilPrice_Com
6.Silver Price 2017 Trend Forecast Update - Video - Nadeem_Walayat
7.Gold Price Set For Very Bullish 2017, Trend Forecast - Austin_Galt
8.10 Things I learned From Meetings With Trump’s Transition Team - - John_Mauldin
9.How Investors Can Profit From Trumps Military Ambitions - OilPrice_Com
10.Channel 4 War on 'Fake News', Forgets Own Alt Reality Propaganda Broadcasting - Nadeem_Walayat
Last 7 days
Brent Crude Oil Price Technical Update: Low Volatility Leads to High Volatility - 20th Feb 17
Trump’s Tax System Could Spark The Wave Of Self-Employment - 20th Feb 17
Here’s How to Stay Ahead of Machines and AI - 20th Feb 17
Warning Signs Of Instability In Russia - 20th Feb 17
Warning: This Energy Investment Could Wreak Havoc On Your Portfolio - 20th Feb 17
The Mother of All Financial Bubbles will be Unimaginably Destructive when it Bursts - 19th Feb 17
Gold’s Fundamentals Strengthen - 18th Feb 17
The Flynn Fiascom, the Trump Revolution Ends in a Whimper - 18th Feb 17
Not Nearly Enough Economic Growth To Keep Growing - 18th Feb 17
SPX Stocks Bull Market Continues to make New Highs - 18th Feb 17
China Disaster to Trigger Gold Run, Trump to Appoint 5 of 7 Fed Governors - 18th Feb 17
Gold Stock Volume Divergence - 17th Feb 17
Gold, Silver, US Dollar Cycles - 17th Feb 17
Inflation Spikes in 2017, Supporting Gold Prices Despite Increased Odds of March Rate Hike - 17th Feb 17
Roses Are Red... and So's Been EURUSD's Trend - 17th Feb 17
Gold Trade Note Sighted - 17th Feb 17
Gold Is Undervalued Say Leading Fund Managers - 17th Feb 17
NSA, CIA, FBI, Media Establishment 'Deep State' War Against Emerging 'Trump State' - 16th Feb 17
Silver, Gold Stocks and Remembering the Genius of Hunter S. Thompson - 16th Feb 17
Maps That Show The US’ Strategy In Asia-Pacific - 15th Feb 17
The Trump Stock Market Rally Is Just Getting Started! - 15th Feb 17
Tesco Crisis - Fake Prices, Brexit Inflation Tsunami to Send Food Prices Soaring 10% 2017 - 15th Feb 17
Stock Market Indexes Appear Ready to Roll Over - 15th Feb 17
Gold Bull Market? Or was 2016 Just a Gold Bug Mirage? - 15th Feb 17
Here’s How Germany Buys Time From China - 15th Feb 17
The Stock Trader’s Actionable Guide to Trump - 15th Feb 17
Trump A New Jacksonian Era? The Fourth Turning (2) - 14th Feb 17
Stock Market Yet Another Wall Street 'Witch's Brew' - 14th Feb 17
This Is Why You Don’t Own A Lot Of Stocks - 14th Feb 17
Proposed Tax Reforms Face Enormous Headwinds - 14th Feb 17
BBC Inside Out Tesco Rip off Offers - Determined to Lose Big Spend Customers! - 13th Feb 17
Is the UK An Economy Built on Debt? - 13th Feb 17
Stock Market VIX Cycles set to Explode in March/April 2017 – Part 2 - 13th Feb 17
Stocks At Record Highs - Will Uptrend Accelerate? - 13th Feb 17
US Dollar: 'Rumors of My Death are Greatly Exaggerated' - 13th Feb 17
Is This The Top Commodity Play For 2017? - 13th Feb 17
Trump a New Jacksonian Era? - 13th Feb 17
Stock Market at High Tide - 13th Feb 17
Channel 4 War on 'Fake News' Ends - The New News Age - 12th Feb 17

Market Oracle FREE Newsletter

State of Global Markets 2017 - Report

The Greatest Risk to Your Wealth in 2013

Stock-Markets / Investing 2013 Jan 01, 2013 - 11:05 AM GMT

By: Investment_U

Stock-Markets

Andrew Snyder writes: The ringing in of a new year is a bittersweet celebration. As the seconds ticked off the clock last night, a rush of emotions rolled through my mind.

For a lagging moment, it was as if I was back inside the stark white delivery room of our local hospital waiting for my son to be born.


“One more push,” the doc looked up at me and said, “and you’ll be a dad.”

Whooaaa… stop the clock. Time out. Hit the brakes.

At that instant in my life, I straddled a great divide. One leg stood firm on what I had always known and what had always been – it was familiar and safe. The other leg, though, was wobbly. It teetered on the tip of an unknown world – vague and filled with uncertainty.

And so it was last night.

With just seconds left in 2012 I found myself once again fearful of the unknown. On one side of midnight was a rough, but familiar year.

It was the year when the words “I love you” first rolled off my son’s young tongue. It was the year the markets climbed a tall wall of worry. And it was a period of incredible gridlock inside the beltway.

There were ups and downs. But we made it… most of us with a pocketful of strong profits.

On the other side of midnight… a stranger.

What lies ahead, nobody knows.

There’s fiscal trouble in Washington. A looming fight over our guns. A national culture that needs healing. And a stock market that is utterly feared.

Despite our urging to the contrary, most investors are too scared to move.

After five years of some of the most volatile times in the market’s history, a growing army of bleary-eyed investors flat out refuse to plant both feet in the present. They continue to lean on the past.

It’s a losing – but comfortable – strategy.

With the idea equity-fearing investors missed out on some $200 billion worth of potential stock gains over the last four years in mind, let me ask you a question.

What did you do last year?

Are you wealthier? Healthier? Wiser?

We can’t help you with those last two. Or, at least that’s not our core mission. But we surely can make you wealthier.

Here’s the thing, though, nobody makes money unless they try.

It sounds obvious. But we’ve found countless investors are cowering in fear. They refuse to try. Meanwhile, stocks drive higher and higher – proving that fear comes with a very real and very expensive opportunity cost.

That’s the message for this holiday issue.

Do something.

We’re not writing about an investing technique today. There’s no fresh way to play the news. Not today. We’ll save it for tomorrow.

I simply want you to understand a simple idea; The greatest loss comes in the form of inaction.

In other words… do nothing, get nothing.

Over the next few days you will get bombarded with year-end reviews.

You’ll be told the S&P 500 finished the year up by about 12%.

You’ll be taunted by tales of stocks like 3D Systems (NYSE: DDD) that surged by over 200%.

And you’ll even be reminded of stocks that cratered and died.

But what nobody will tell you – because there is no way to measure it – is the cost of doing nothing. What could have been? What did fear cost you in 2012?

It’s no different than the conversation I had with my wife about a year before our son was born. Did we want a kid? Could we raise a kid? Would it be healthy?

There was lots of fear leading up to that “one more push” moment.

But the instant my son was born, I made a promise to him. Despite the fact I’ve never raised a kid… despite the pit of fear in my stomach… I pledged to never miss an opportunity. I’d jump the divide and never look back.

Sure, there’d be mistakes. I can already name dozens. But all of them combined are nothing compared to the richness of overcoming the fearful instinct to do nothing.

As we welcome the freshness of a new year, the message is simple. There is only one way to increase your wealth. Do something.

Good Investing,

Andrew

Source : http://www.investmentu.com/2013/January/greatest-risk-to-your-wealth-in-2013-2.html

by ,, Oxford Club Investment Director Chairman, Investment

http://www.investmentu.com

Copyright © 1999 - 2012 by The Oxford Club, L.L.C All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Investment U, Attn: Member Services , 105 West Monument Street, Baltimore, MD 21201 Email: CustomerService@InvestmentU.com

Disclaimer: Investment U Disclaimer: Nothing published by Investment U should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Investment U should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Investment U Archive

© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife