Comments on: Cover to Cover: A Shock Felt Around the World http://www.behaviorgap.com/cover-to-cover-a-shock-felt-around-the-world/ Exploring the relationship between people and their money. Fri, 16 Jul 2010 16:53:40 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: The Personal Finance Playbook http://www.behaviorgap.com/cover-to-cover-a-shock-felt-around-the-world/comment-page-1/#comment-903 The Personal Finance Playbook Wed, 04 Mar 2009 22:38:46 +0000 http://www.behaviorgap.com/?p=833#comment-903 Spot on - thanks for offering the quote, it keeps things in perspective. Many people are reeling from the "this time it's different" syndrome. Economies experience downturns, that's just the reality of a capitalistic society. They're usually followed by periods of growth. Spot on – thanks for offering the quote, it keeps things in perspective. Many people are reeling from the “this time it's different” syndrome. Economies experience downturns, that's just the reality of a capitalistic society. They're usually followed by periods of growth.

]]> By: The Personal Finance Playbook http://www.behaviorgap.com/cover-to-cover-a-shock-felt-around-the-world/comment-page-1/#comment-142 The Personal Finance Playbook Wed, 04 Mar 2009 16:38:46 +0000 http://www.behaviorgap.com/?p=833#comment-142 Spot on - thanks for offering the quote, it keeps things in perspective. Many people are reeling from the "this time it's different" syndrome. Economies experience downturns, that's just the reality of a capitalistic society. They're usually followed by periods of growth. Spot on – thanks for offering the quote, it keeps things in perspective. Many people are reeling from the “this time it's different” syndrome. Economies experience downturns, that's just the reality of a capitalistic society. They're usually followed by periods of growth.

]]> By: The Personal Finance Playbook http://www.behaviorgap.com/cover-to-cover-a-shock-felt-around-the-world/comment-page-1/#comment-471 The Personal Finance Playbook Wed, 04 Mar 2009 14:38:46 +0000 http://www.behaviorgap.com/?p=833#comment-471 Spot on - thanks for offering the quote, it keeps things in perspective. Many people are reeling from the "this time it's different" syndrome. Economies experience downturns, that's just the reality of a capitalistic society. They're usually followed by periods of growth. Spot on – thanks for offering the quote, it keeps things in perspective. Many people are reeling from the “this time it's different” syndrome. Economies experience downturns, that's just the reality of a capitalistic society. They're usually followed by periods of growth.

]]> By: Richard Reyes http://www.behaviorgap.com/cover-to-cover-a-shock-felt-around-the-world/comment-page-1/#comment-141 Richard Reyes Tue, 03 Mar 2009 18:38:41 +0000 http://www.behaviorgap.com/?p=833#comment-141 Lafate, peoples greatest fear is that they can't tell what the future will hold. So they try to look for experts, gurus, withdoctor, anyone who can can give them this information in advance. People will also act irrationally and make not so prudent investment decisions in order to try to get them ahead sooner. <br><br>Unfortunately, there is no one who can answer your question with any real sort of accuracy. No one knows and if they say they do, RUN. <br><br>Find a CFP you can trust and plan as best you know how to. Even this has no 100% accuracy and nothing will. BUt you will be far ahead of most and at least have better confidence going forward. Lafate, peoples greatest fear is that they can't tell what the future will hold. So they try to look for experts, gurus, withdoctor, anyone who can can give them this information in advance. People will also act irrationally and make not so prudent investment decisions in order to try to get them ahead sooner.

Unfortunately, there is no one who can answer your question with any real sort of accuracy. No one knows and if they say they do, RUN.

Find a CFP you can trust and plan as best you know how to. Even this has no 100% accuracy and nothing will. BUt you will be far ahead of most and at least have better confidence going forward.

]]> By: Richard Reyes http://www.behaviorgap.com/cover-to-cover-a-shock-felt-around-the-world/comment-page-1/#comment-469 Richard Reyes Tue, 03 Mar 2009 16:38:41 +0000 http://www.behaviorgap.com/?p=833#comment-469 Lafate, peoples greatest fear is that they can't tell what the future will hold. So they try to look for experts, gurus, withdoctor, anyone who can can give them this information in advance. People will also act irrationally and make not so prudent investment decisions in order to try to get them ahead sooner. <br><br>Unfortunately, there is no one who can answer your question with any real sort of accuracy. No one knows and if they say they do, RUN. <br><br>Find a CFP you can trust and plan as best you know how to. Even this has no 100% accuracy and nothing will. BUt you will be far ahead of most and at least have better confidence going forward. Lafate, peoples greatest fear is that they can't tell what the future will hold. So they try to look for experts, gurus, withdoctor, anyone who can can give them this information in advance. People will also act irrationally and make not so prudent investment decisions in order to try to get them ahead sooner.

Unfortunately, there is no one who can answer your question with any real sort of accuracy. No one knows and if they say they do, RUN.

Find a CFP you can trust and plan as best you know how to. Even this has no 100% accuracy and nothing will. BUt you will be far ahead of most and at least have better confidence going forward.

]]> By: thinkingcarl http://www.behaviorgap.com/cover-to-cover-a-shock-felt-around-the-world/comment-page-1/#comment-140 thinkingcarl Tue, 03 Mar 2009 16:10:33 +0000 http://www.behaviorgap.com/?p=833#comment-140 @Lafate: As much as I try to offer actionable advice on <a href="http://BehaviorGap.com" rel="nofollow">BehaviorGap.com</a> it<br>is really important to understand that the application of my general advice<br>will vary greatly from person to person. That is why it is so hard to give<br>"specific" advice to a "general" audience.<br><br>I think that the best thing you can do is find a good CFP you can trust. I<br>know that had proven to be a difficult task, but they are out there. They<br>can help put all these question into the context of a financial plan that is<br>designed for your personal situation.<br><br>I will be writing a post in the next day or two with some thoughts about<br>what to do now and hopefully it will help provide some context, or framework<br>for making some really tough decisions. But again at best I can provide<br>"things to think about" the application should be done by someone who really<br>knows your situation. @Lafate: As much as I try to offer actionable advice on BehaviorGap.com it
is really important to understand that the application of my general advice
will vary greatly from person to person. That is why it is so hard to give
“specific” advice to a “general” audience.

I think that the best thing you can do is find a good CFP you can trust. I
know that had proven to be a difficult task, but they are out there. They
can help put all these question into the context of a financial plan that is
designed for your personal situation.

I will be writing a post in the next day or two with some thoughts about
what to do now and hopefully it will help provide some context, or framework
for making some really tough decisions. But again at best I can provide
“things to think about” the application should be done by someone who really
knows your situation.

]]> By: thinkingcarl http://www.behaviorgap.com/cover-to-cover-a-shock-felt-around-the-world/comment-page-1/#comment-468 thinkingcarl Tue, 03 Mar 2009 14:10:33 +0000 http://www.behaviorgap.com/?p=833#comment-468 @Lafate: As much as I try to offer actionable advice on <a href="http://BehaviorGap.com" rel="nofollow">BehaviorGap.com</a> it<br>is really important to understand that the application of my general advice<br>will vary greatly from person to person. That is why it is so hard to give<br>"specific" advice to a "general" audience.<br><br>I think that the best thing you can do is find a good CFP you can trust. I<br>know that had proven to be a difficult task, but they are out there. They<br>can help put all these question into the context of a financial plan that is<br>designed for your personal situation.<br><br>I will be writing a post in the next day or two with some thoughts about<br>what to do now and hopefully it will help provide some context, or framework<br>for making some really tough decisions. But again at best I can provide<br>"things to think about" the application should be done by someone who really<br>knows your situation. @Lafate: As much as I try to offer actionable advice on BehaviorGap.com it
is really important to understand that the application of my general advice
will vary greatly from person to person. That is why it is so hard to give
“specific” advice to a “general” audience.

I think that the best thing you can do is find a good CFP you can trust. I
know that had proven to be a difficult task, but they are out there. They
can help put all these question into the context of a financial plan that is
designed for your personal situation.

I will be writing a post in the next day or two with some thoughts about
what to do now and hopefully it will help provide some context, or framework
for making some really tough decisions. But again at best I can provide
“things to think about” the application should be done by someone who really
knows your situation.

]]> By: Neal Frankle http://www.behaviorgap.com/cover-to-cover-a-shock-felt-around-the-world/comment-page-1/#comment-139 Neal Frankle Tue, 03 Mar 2009 12:37:13 +0000 http://www.behaviorgap.com/?p=833#comment-139 Lafate, I completely agree with you. We can answer all these questions based on the past.......<br><br>People have so much emotion right now they are not willing to listen. Lafate, I completely agree with you. We can answer all these questions based on the past…….

People have so much emotion right now they are not willing to listen.

]]> By: Neal Frankle http://www.behaviorgap.com/cover-to-cover-a-shock-felt-around-the-world/comment-page-1/#comment-138 Neal Frankle Tue, 03 Mar 2009 12:33:48 +0000 http://www.behaviorgap.com/?p=833#comment-138 Nice perspective Carl.. I appreciate it. Nice perspective Carl.. I appreciate it.

]]> By: Lafate http://www.behaviorgap.com/cover-to-cover-a-shock-felt-around-the-world/comment-page-1/#comment-137 Lafate Tue, 03 Mar 2009 12:20:57 +0000 http://www.behaviorgap.com/?p=833#comment-137 I think most Americans believe that eventually our economy/stock market will recover and things will get better. <br><br>The most pressing questions today are:<br><br>- How much further will the market dip <br>- How long will it take to recover and <br>- What investment strategies should I implement to mitigate losses and expedite my personal financial recover. I think most Americans believe that eventually our economy/stock market will recover and things will get better.

The most pressing questions today are:

- How much further will the market dip
- How long will it take to recover and
- What investment strategies should I implement to mitigate losses and expedite my personal financial recover.

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