You can lose more money when stocks go down than you can make when they go up. In It’s Never Too Late to Get Rich: The Nine Secrets to Building a Nest Egg at Any Age, Jim Jorgenson and Rich Jorgenson write about the downside of a buy-and-hold approach using an example.
A Comparison of Buy-and-Hold and Trend Investing
Jim and Rich write the following:
“An investor who invested a dollar sixty years ago and stayed in the market at all times could have a portfolio worth about $17,000 today. But if he …

Goal setting is a powerful tool for personal development. In Your Road Map for Success: You Can Get There from Here, John C. Maxwell writes:
“Retail department store founder J.C. Penny declared, “Give me a stock clerk with a goal and I will give you a man who will make history. Give me a man without a goal and I will give you a stock clerk.” Penny recognized the power and importance of goals. While you work on them, they work on you. And what you get by reaching your goals …

Photo by Per Ola Wiberg.
What if you spend your years climbing the corporate ladder, only to find that your ladder was up against the wrong wall? What if money can’t buy what you’re really looking for? What if there’s a simpler or more effective way to get what you want? In Work from the Inside Out: Seven Steps to Loving What You Do, Nancy O’Hara writes about an approach to help you figure out what you really want.
Work Goals, Thing Goals, Feeling Goals and Thinking Goals
How do you figure out …