We all make mistakes, but imagine losing your financial solvency or your children’s inheritance to the failing economy. Buying low and selling higher is the name of the game, but we often do the opposite. As the stock market rises, we remain on the sidelines, watching as others are reaping monetary rewards. We want to rebuild, but we are fearful of losing additional funds in today’s risky market.
These challenges have plagued investors for decades, many of whom have lost much of their investments in various recessions. Even so, you can transform your investment mistakes into financial gains. Making a comeback from investment errors requires an understanding of some basic elements of investing, such as
• predictable investor behavior; • insight from hindsight; • risk/reward consideration; • chance of loss measurement; and • data and analysis.
All investors experience the same psychological emotions and are susceptible to making the same investing errors of judgment; thus, the winners and losers are determined by how they play the game. Author Juliana Vilke offers winning investment strategies for women along with advice from wealthy investors who learned a great deal from their investment mistakes. She offers time-tested advice to help any woman take control of her investing future.
MISTAKE POWER, THE PLAYBOOK FOR WOMEN WANTING TO INCREASE THEIR WEALTH
Question: How can I become a better investor?
Problem: I need to take control of my financial future and increase my wealth but I don’t want to risk losing my savings. I know success comes to those who buy low and sell higher, yet I continue do the opposite.
Solution: Mistake Power speaks to this conundrum,helping women make sense of the market and avoid costly errors. Presented in down to earth language, this playbook identifies predictable investment mistakes and viable strategies are presented. In times like these, it is important to have a time tested "go to" guide.
Juliana Vilke is an investor with more than four decades of investment experience. She has chaired various committees and served on boards of women’s organizations over the years. A retired real estate broker, Vilke continues to participate in day-trading activities. She and her husband are the parents of three sons and currently live in Florida.