Why would anyone want to get back into the markets now?
It doesn't seem logical, but market coach Dough Hirschhorn says there are good reasons to climb back in.
First, the masses are scared. As a result, no one wants to take a chance and that, says Hirschhorn, is when great investment decisions are made. (See the video)
By now you've learned the market is not a sure thing, you're more aware of the real risks and, hopefully, better prepared to see trouble coming.
Additionally, the government will not allow the economy to die and won't quit trying to fix the thing till they actually do fix it.
Finally, given all that's transpired over the last few months, the odds of the market moving up are greater than the odds of it dropping too much further.
Simply put, says Hirschhorn, it's time to stop worrying about what the market has done to you and to start thinking about what it can do for you.
Doug Hirschhorn is the chief executive officer of Edge Consulting, a firm specializing in “Peak Performance Coaching.” He holds a Ph.D. in Psychology with a specialization in sport psychology, and has offices in New York and South Florida. His client list includes elite athletes as well as many of the largest banks, hedge funds and financial institutions in the world. Doug is presently at work on his new book, Street Smarts (Putnam, 2010).
Have a question for Doug? You can reach him through his Web site, DrDoug.com
Disclaimer: Doug Hirschhorn's expertise is in the psychology of achieving peak performance. He is not a financial advisor and does not make trading or investment recommendations or provide trading or investment advice. He is an expert on the mental game. Although Doug Hirschhorn has a Ph.D. in Psychology with a specialization in sport psychology, he is not a licensed psychologist and does not provide therapeutic, clinical or counseling services.