Financial Disappointment Can Darken Your Financial View
Published Wednesday, August 24, 2022 at: 11:46 AM EDT
The unusual financial economic events of the last couple of years have caused great financial disappointment for some Americans.
Losing the money to give your children a down payment on their first home, going through a divorce or business failure -- losing wealth -- is a deeply personal bad emotional experience.
Giving up on that retirement dream home, losing the money to pay for a grandchild’s education, or suddenly lacking the wherewithal to make a bequest to charity causes feelings of failure, shame, and regret. Investments are a way to satisfy emotional goals.
After experiencing a financial setback, feeling fear or anguish can darken your view and lead to making poor investment decisions. If you want to talk about a loss or plan a recovery, please use our website to contact us.
Nothing contained herein is to be considered a solicitation, research material, an investment recommendation, or advice of any kind, and it is subject to change without notice. Any investments or strategies referenced herein do not take into account the investment objectives, financial situation or particular needs of any specific person. Product suitability must be independently determined for each individual investor. Tax advice always depends on your particular personal situation and preferences. You should consult the appropriate financial professional regarding your specific circumstances. The material represents an assessment of financial, economic and tax law at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete, and is not intended to be used as a primary basis for investment decisions. This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.
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