Stories From the Stock Market: Tales of Money, Mistakes and Regret

This is the most recent article published in ColoradoBiz Magazine written by our president, Kevin McNab.  Many of our clients receive their information about the markets from the news media who have a direct interest in making stories compelling.  While a compelling story drives interest and fear, it can be embellished or flat out wrong.  It is important for investors to make sure they understand the facts and not make investment decisions based on stories told by the media.  This article takes a look at some of the stories that drove the stock market down at the beginning of the year along with the story of an investor that did not learn from prior mistakes.

Stories drive the stock market. Stories evoke fear, passion and excitement which influence human behavior. Stories can also have two different viewpoints, and the storyteller gets to decide how they will spin their story. The media knows dramatic stories drive sales whether it is news, sports or finance. People make emotional investment decisions based on stories without sifting through the facts or using past experience. This leads to mistakes, lost money and regret…Read More!

Kevin McNab

This article is written by Kevin J. McNab. Kevin is President of ACE Wealth Partners, LLC and is a CFP®, ChFC®, and CRPC®. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. The views expressed in this blog post are as of the date of the posting, and are subject to change based on market and other conditions. This blog contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Please note that nothing in this blog post should be construed as an offer to sell or the solicitation of an offer to purchase an interest in any security or separate account. Nothing is intended to be, and you should not consider anything to be, investment, accounting, tax or legal advice. If you would like investment, accounting, tax or legal advice, you should consult with your own financial advisors, accountants, or attorneys regarding your individual circumstances and needs. No advice may be rendered by ACE Wealth Partners, LLC unless a client service agreement is in place. If you have any questions regarding this Blog Post, please Contact Us. Please read our website DISCLOSURE carefully for additional information.