You Will Never Make Money Being Negative
Starting out in the brokerage community back in the
early 70’s,
survival was the first priority as the turnover back then was unbelievable.
More than half of our training classes would be burned out of the industry
in less than 4 years during those bear market years of 1970, to 1980.
Talk is always cheap in the board room and keys to success were abounding
even then in how to catch lightning in a bottle and become rich while
seeing if you could avoid being burned by the lightning.
On one such
late afternoon when the market had closed and we
were taking a break before starting the evening of phone calls, one of
the veterans who had survived and was actually succeeding in a difficult
environment offered the title of today’s MMM for all of us to chew on. He was not part
of management and he was not the rah rah type of guy
who glad handed people but his point really started to stick with me.
I thought of this gentleman this last week when the
Dow Jones Industrials hit an all time high and I wondered how many
of you and your clients have benefited from this most recent rise in
the large cap segment of the market? It was very hard in those early
days to be overly optimistic because our clients hadn’t really
made much money in stocks for many years and high interest rates meant
that most of the real returns were made then in double digit interest
rates in bonds.
But the really big returns our clients earned were
the ones who stayed for the long term in stocks
and when this very same Dow Jones Ind Avg went from 1000 to 10000 from
1981, to 2000, $100,000 became more than $1,000,000 if you just matched
the market. If you are having a hard time staying positive, just think
about where you and your clients will be in 10 (ten) years if you can
stay positive and a normal market period by historical standards takes
place from 2006, thru 2016?
If this works in the stock market, what about your
Christian witness and how God wants to use you in the environment the
Lord has placed you in? Do you suppose people will be interested in
knowing more about Jesus if they see a negative and moody employee
in the office? Do you think people will be interested in knowing more
about the redeeming love of Jesus if you do not have positive solutions
for your own life?
This is a great time to think about your business
image and your Christian image and search and pray
that you will know God’s will for helping you
with both areas of your life! Is “authentic” a description
that people would use to describe your business practices
and your faith?
Have a great week and enjoy the warm fall days this week!
Sent October 16, 2006
Please contact
Dwight Short if you would like to receive future
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