AZ Business Magazine September/October 2012
Learning Our Lessons
As an 8-year-old kid in New York, I came up with the bright idea that I would buy packs of Bubblicious bubble gum for 40 cents a pack at the grocery store and then turn around and sell it to my classmates for $1. Sounded like a brilliant plan, until my entire inventory was confiscated five minutes into first period because gum wasn’t allowed in class.
It was the first, but certainly not the last time an investment didn’t pan out like I wanted (I was convinced that Facebook would be the next Google).
“It is important for investors to manage their emotions,” said Michael Weigel, senior vice president and managing director of Investment Management Services at Mutual of Omaha Bank Wealth Management. “This can be challenging in today’s news environment where constant headlines and other noise can lead to an emotional response.”
In this issue of Az Business, Weigel and other experts help us take a closer look at effective financial planning and investing in the wake of the recession.
I can tell you one thing you can take to the bank: None of the experts will be chewing Bubblicious.
Michael Gossie, Managing Editor
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