This week I dropped $50,000 due to market losses.
My invested money in play is no longer under my control exclusively. When I hear someone is hurting because of a loss of control, I see two things:
1. Investing isn't the best game in town for that investor.
2. The investor might come to terms with the temporal scheme and accept it.
My losses for the week parallel the general market's losses...no better, no worse---except for one all-important thing:
Every day, 365 times a year, I have $249 moving into my calendar-based account representing dividends and distributions awaiting dispersal. It's not guesswork or happenstance---it's as reliable as things get in a world beset by instabilities such as are evident now in the stock market.
So I don't get upset over paper losses, knowing my paydays are a-coming. A month and a half from now I'll be better off financially, even if the current turbulence is still in play---something I doubt very much.
I'm reminded of when I was about ten years old and I placed my dime on a craps wheel at a local fireman's bazaar. The operator told me I'd have to let go of my coin before he could spin the wheel. I learned an important lesson that day about control. I learned about fully trusting that I'd survive well even without the usual control.
Ironically, I won the prize---a silver Cross pen and pencil set which I gave to my dad. The whole family was shocked. I think about this every so often.
Watch30---aren't you wishing you could hold onto your dime? Look at your history of taking chances and obviously coming out the better for your nerve and acumen! If you're richer for your travels in the market as I strongly suspect, then this is the time to trust in yourself.
