Tiger Will Get Another Chance, Investors Often Don't

Tiger Will Get A Second Chance, 

Investors Often Don't

                         by: Brendan Magee

It's all over the news. Tiger Woods has a mug shot because he was arrested Monday morning and charged with driving under the influence. No doubt a man who has accomplished as much as Tiger Woods has is experiencing a lot of pain right now in the form of embarrassment, humiliation, and shame. Fortunately, there is nothing that occurred Monday morning that is permanent. Nobody was killed or maimed. Nobody is going to spend the rest of their lives in jail. Tiger will go through the legal process and from a legal stand point that will be that.

Tiger may have a drinking problem or a drug problem of some kind. If that turns out to be the case, it can be dealt with. He is going to get another chance to save his life.

Unlike Tiger though, investors and their American Dreams often times do not get a second chance to rescue themselves from flawed thinking or behavior. Some times one breakdown is all it takes to sink a life time of hard work, aspirations, savings and investing.

Just one momentary slip up where an investor gets seduced and doesn't believe the rules for diversification apply to him anymore or a you get seduced by a t.v. personality who tells you the stock market has changed and the old ways of doing things no longer applies can cost someone a significant portion or maybe even their entire American Dream.

The point is behavior matters. Whether you are getting behind the wheel of a car and driving under the influence or investing your money, your behavior matters and sometimes you do not get a second chance.

Brendan Magee is the founder and president of Inevitable Wealth Coaching. With questions, comments, or suggestions, e-mail brendan@coachgee.com or call 610-446-4322.