Yesterday PAC for All, one of my investments, announced they were closing down. I lost $800. Some of those who signed up under me lost more. I feel sad about that, more than the disappointment I feel about my own loss. Several of my good friends followed my enthusiastic lead and lost $1000 each in this one. Yes, they made their own decision to put their money in. No, I did not push them into it. Yes, they knew it was high risk investing. Still, it hurts, and I feel for them.
And I broke my own rule with this one. I kept reinvesting what I was making, instead of getting my seed money back as soon as possible. My plan was to keep reinvesting until I could take out $1000 every twelve days. I was close. I thought they were solid for at least a few more months. The intuitive information I had did not see any immediate red flags.
Ouch! I could have made back my principal and even had a little profit before they closed if I had followed my own advice and taken out what I had put in as soon as possible.
OK, it happened. Diversification has saved me from this being a serious financial setback. The important thing is to become wiser, to get the learning. Next time, I'll get the seed money out A.S.A.P. and then the rest is Monopoly money.
Also, the learning is to observe my thoughts. What story am I telling that is making this more painful than it need be? Is is a doomsday story? Are my survival fears coming up, causing me to get extra serious and dramatic about this? Is it really that urgent? What meaning am I giving this?
The truth is that money comes and goes all the time, like breathing. I don't worry after the exhale that there won't be another inhale. No, I just trust and let it happen. That's what I aspire to with money. To relax, trust, say hello, let it flow, let it come, have some fun, wave goodbye, let it fly. These programs come and go, they arise and fall, just like my breath. They are not the Source of my supply. God is. And the Infinite will continue to bless me and my family through all kinds of channels, as I relax and trust and lean into abundance.
Goodbye PAC for All. Thank you for spending some fun and exciting time with me. Thank you for helping me learn some lessons. I release you, and I am open to the next wonderful surprise, the next beautiful financial blessing that is on its way.
I am open to miracles. Whenever I seem to lose, a bigger win is on the way. I never lose anything of real value. All is well. Always.
For more on how we can handle loss gracefully, see my article entitled, "Change is a Fact; Loss is an Opinion". Just copy and paste this link into your browser: http://www.cooleremail.net/users/scottsongs/ScottsMasterList_July$6$2008$MuseLetter.html
For more inspirational acticles about living your best life, go to www.scottsongs.com and click on Museletter Sign Up.
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Hi Scott,
ReplyDeleteThank you for your thoughts. Your post is timely. I spend a chunk of time earlier today reviewing my whole investment life and seeing what I can learn from each allegid "loss". In every loss there is the gain of some learning about the investment world and also about ourselves. In my detailed review and number crunching I had the chance to see all my gains and smart moves as well.
I would much rather be the sort of person who risks and looses sometimes than someone who crouches in the corner with fear and hesitation. Life is always working!