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The Moneyist

‘It’s important to find a way to manage your emotions to prevent them from damaging your financial and personal future’

Dear Quentin,

Your response to the man who received an injury settlement of $100,000 was on the mark. I am 70. I work part time for the U.S. Census Bureau and spend five hours a day on my portfolio. I got a settlement three times the amount of your letter writer’s settlement (clergy sexual abuse). I lost one investing year and $30,000 getting my investment legs.

Settlement recipients can go through a grieving or adjustment period that may become acute around the time the money arrives and can persist for months or even years afterwards. It’s important to find a way to manage your emotions to prevent them from damaging your financial and personal future.