The Pain of Being Down
1/7/2015
They say that breaking up is hard to do and now scientists have zeroed in on the physical reasons why it hurts so much:
Yet, I contend for many, losing money in the stock market has an even greater impact on the body and mind. Scientists tell us loss aversion means a loss of $100 is twice as impactful as the gain of $100. Here’s the rub: there is a giant difference between being down in a stock or in the market and actually losing. I got a tweet this morning that said, “78% of investors lose money in the market.” I am not sure where that nonsense comes from, but I know lots of people who buy one stock and often sell at a loss… mostly, because the stock is lower. The greater the pain, the more likely we are nearing a bottom. You must be prepared to buy into the pain for maximum gains. To leave a comment, click here: http://www.wstreet.com/member/commentary.asp?con_id=34211#addcomment
Charles Payne
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