How to Stay the Course in Scary Times
Description
One of the most challenging aspects of being a 100% do-it-yourself investor (DYI) is dealing with the emotions of wanting to make major changes in a portfolio due to what may easily be seen as catastrophic news. The DYI doesn’t have a professional to help them think through the difficult times like the 2008 meltdown, the October 19, 1987 22% one day decline or currently, the upcoming election results.
Paul believes one of the best sources of professional support a DYI could have is George Sisti’s, "On Course Financial Planning Vectors" newsletter. On this podcast Paul reads Sisti’s July issue focused on “The Election!” as well as the misleading “noise” that investors get from the typical predictions that Wall Street produces this time of year.
Paul recommends investors read George's letters anytime they are feeling uncomfortable with the market. He even suggests that investors download his archived letters for future reading.
United States
