But that s the price you ve paid for smoothing your volatility. Wash. This is followed by an education process on objectives and how to reach them. But now people are aware of what s going on before they even call me. But another result of so much information being available online and at cocktail parties can be overconfidence, producers agree. They buy popular stocks, and by the time people hear about them, they re high.
Day traders are so used to the rush of being up and then way down.
Steinmetz says clients frequently come to her after they ve made poor choices in picking investments for their portfolio. On their own, she says, people don t diversify as well, and they have too high a risk tolerance. Youthful clients used to come in saying they had a tremendous risk tolerance, and they avoided bonds or fixed-income, says Steinmetz. However, the downturn has alerted people to the risks, she believes. If we look at market history, we have to see it go down in order to see it go up.