This will result in better investment decisions every time.
Sedona, AZ (PRWEB) October 12, 2008
For those who lost their investments or a big part of them in stocks, 401K, etc., Hale Dwoskin, Featured Teacher in "The Secret" and author of the New York Times best seller "The Sedona Method," reveals the most important thing to do right now.
By economists' measures the United States is not yet in a depression, yet the American public seems to feel otherwise. A recent poll by USA Today and Gallup found that 33 percent of over 1,000 adults surveyed said the economy is in a depression (that's up from 12 percent 10 months ago).
Meanwhile, 73 percent believe financial troubles in the United States are going to get worse before they get better. People are expecting their taxes to go up and are worried about affording retirement and maintaining their standard of living, the poll found. Close to half also feel concerned that their homes may lose value, and 20 percent are seriously considering taking money out of the stock market.
With today's fluctuating financial markets, many Americans have already lost big portions of their savings in a single day of trading. Among those hardest hit are the elderly.
There's a terrified older population out there," said Alicia Munnell, director of the Center for Retirement Research at Boston College in the International Herald Tribune. "If you're 45 and the market goes down, it bothers you, but it comes back. But if you're retired or about to retire, you might have to sell your assets before they have a chance to recover. And people don't have the luxury of being in bonds because they don't yield enough for how long we live."
Yet, no matter how old they are, many people are upset that their financial portfolios and 401Ks are going way down. They may even be tempted to change their investment strategy as a result -- but doing so out of panic, fear or worry is usually not a good idea.
"There is a great expression in investing: the 'little bulls and the bears make money and the pigs get slaughtered,'" says Hale Dwoskin, CEO and director of training of Sedona Training Associates. "Many of us, when it comes to investment decisions, are reacting emotionally to either what we'd like to be happening or out of fear of loss or fear of the overall economic conditions."
Most financial experts will tell people that they should not change your financial strategy based on market fluctuations. If people felt good about it before, they should feel good about it now. The trouble is that emotions often get the better of us, causing to make rash, and often unprofitable, decisions.
"If you are reacting either from lust or fear, this is when you'll tend to make financial mistakes," Dwoskin says.
That said, the MOST important thing people can do to secure your financial future is learn how to take back control of your emotions. This is why The Sedona Method, which shows people how to release feelings of fear, anxiety and lust, is a key investment tool during these challenging financial times. As people learn to release using The Sedona Method, their mind will become clear and focused, and will direct them naturally to the right financial decisions.
"If you allow yourself to release the emotions that arise as you prepare to make investment decisions you will find that you more easily tap your clear reasoning and intuitive knowing," Dwoskin says. "This will result in better investment decisions every time."
Right now everyone can discover this concept for themselves with the Free Sedona Method Financial Stress Release audio download at http://www.sedona.com/html/current-Financial-Climate.aspx.
Sedona Training Associates is an organization that teaches courses based on the emotional releasing techniques originated by Hale Dwoskin's mentor, Lester Levenson. Dwoskin is an international speaker and featured faculty member at Esalen and the Omega Institute. For over a quarter century, he has regularly been teaching The Sedona Method techniques to individuals and corporations throughout the United States, Canada and the United Kingdom. Visit http://www.Sedona.com.
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