TITLE

The Day that Changed My Life

AUTHOR(S)
Weiand, Jeff
PUB. DATE
December 2000
SOURCE
Journal of Financial Planning;Dec2000 SourceBook 2001, Vol. 13 Issue 12, p56
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article recounts the author's experience in the financial planning process. The author's work with his financial planner has had a profound influence that goes beyond the numbers. Their relationship has developed and strengthened as he had been guided through the process of financial planning. His financial planner has helped him understand the true meaning of his life and has encouraged him to pursue his dreams and ambitions. As the author sat at the breakfast table, he was faced with a grim reality. He never imagined that the market could crumble dramatically. His broker hinted that it was possible for this to happen, but he never believed it. He learned something about himself. The joy he experienced during the market's rise paled in comparison with the anxiety he felt during the downturn. His desire to be more diversified was stronger and more intense than any desire he had to own and participate exclusively in the high performers. It felt good to pass the blame to his broker, but in truth, he had been relentless in his pursuit of ever higher returns. He had thought he had all the answers. He had heard the reminders all along about investing for the long term, but he still wanted more. It was all about rate of return; it was all about greed.
ACCESSION #
6658825

 

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