This article covers emotions; and emotional reactions are natural. But when it comes to making money, it’s all about having a calculated response as it can make a big difference in the results.
You’re cruising down the highway when another driver pulls into your lane without warning, cutting you off. What do you feel? How do you respond?
You discover your child has a drug problem. What do you feel? How do you respond?
A competitor sues you in an attempt to ruin your reputation – and your business. What do you feel? How do you respond?
- The actions highly affluent people take tend to be very deliberate and well thought out so they arrive at the most strategically, tactically beneficial approach.
- Focus on the results you expect to attain – estimating the short-term and long-term consequences of particular actions you might take.
- Seek out sounding boards – people you trust and maybe even professionals – and get their take on your proposed course of action.
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Other notes and risk warnings
This article is distributed for educational purposes only and must not be considered to be investment advice or an offer of any security for sale. The reference to any products is made only to make educational points and must, in no circumstances, be deemed to be any form of product recommendation.
This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed.
It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.
Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.
Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.