“Fear and self-doubt have always been the greatest enemies of human potential.” — Brian Tracy

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What’s Your Defense for Doubt?
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In 2006 I was in New York City meeting with magazine, newspaper and newsletter writers to see if they had an interest in our work using both buy and hold and market timing investment strategies.

I had finished an early dinner on my own and thought it would be fun to see a musical or play on Broadway. My second stop put me in front of theatre with a play I knew nothing about but with a ticket available in the second row as close to the center as possible.

6 reasons active management is a bad idea for your investments

“Doubt” was one of the best plays of my lifetime. It has since been made into a movie staring Philip Seymour Hoffman and Meryl Streep.

If I had only heard the opening sermon, it would have been worth the price of admission. Here’s the movie version.

I was so moved by that sermon that the next day I was searching street vendors for the script.

Doubt is a huge problem for investors. When I was an investment advisor the most important job I had was keeping our clients “on course.” Virtually all experts agree that “staying the course” is the most important commitment to be a successful long term investors.

But doubt is a much bigger problem for do-it-yourself investors as they usually don’t have a professional to help them digest whatever problem is giving them a sense of doubt.

As a group Chris, Daryl, Rich and I are working to give you all of the evidence that might support your commitment to staying the course. With over 200 tables that are updated annually and over 800 articles, podcasts and videos our hope is we will prepare you for the things that might get you ready for the challenge doubt brings.

In this week’s podcast I have read the latest issue of George Sisti’s monthly newsletter. LINK This like virtually every other issue focuses on helping investors maintain a "stay the course” attitude. I have read them for years and I don’t know anybody more dedicated to helping investors see through the misleading information they are fed by Wall Street and all the other forces trying to move investors in their direction.

I not only encourage you to read his latest work but I also encourage you to keep his archived work so that you have his body of writings to help you face the “Doubt” challenge when it comes.

I would like your feedback on this important subject. What do you recommend to your adult children or grandchildren to help them stay the course. What newsletter do you find helpful in staying the course? What do you do yourself to fight off the feelings of doubt?

Testimonial

I hope you never get tired of reading the words "thank you" when it comes to all the endeavors you and the team go through for people who are interested in making a difference in their financial lives. So THANK YOU!!!

Latest Podcast- How to Stay the Course in Scary Times

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.

How to Stay the Course in Scary Times

21 Investment Questions Every Do-It-Yourself Investor Must Answer

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In This EditionWhat’s Your Defense for Doubt?Latest PodcastTestimonial

In This Edition
What’s Your Defense for Doubt?
Latest Podcast
Testimonial