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Does Barbra Streisand really need to go through this dance just to be allocated a few hundred shares of a hot IPO so she can make a fast profit? Of course notshe doesn't need the money. But the word is that she has done very well with her investmentsnot hard to believe if she is able to capitalize on a few juicy IPOs. |
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So, there must be another motive besides the money. Perhaps it's feeling like a savvy "player" who knows what's worth getting in on. The financial payoff is obviously secondary to receiving the special treatment accorded a celebrity and being in the game. Here we see one of the associated meanings of money in play. |
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Bringing Our Financial Past to Our Trading |
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Just as we bring our values and associated meanings of money with us when we trade, so do we bring our past experiences related to it. Anything we have learned about money from childhood and into adulthood is consciously and unconsciously brought into the present. |
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Greedy thinking and behaviorand its polar opposite of reacting from fearmay be introduced to our online trading approach as a result of being shaped by any of the following: |
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Early experiences of poverty, hardship, and material deprivation as a child that may have had a scarring effect on self-esteem and self-worth, leading to insecurity and fear, or compensation in the form of greed; the impact of living through a depression or recessions; early loss of parental financial support through divorce or death; being adopted, in foster homes, brought up by relatives, or blended families that affected money flow or ways of relating to money. |
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Experiences of shame, humiliation, and ridicule in elementary, high school, or college due to having less money, less fashionable clothes, less social status than classmates; parental programs taught regarding socioeconomic status; racial or ethnic mores taught regarding money. |
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Family of origin patterns of fiscal irresponsibility, such as heavy gambling losses; bankruptcies; reversals in fortune that changed lifestyle; parents unable to provide for family adequately; frequent job losses or loss of business; family modeling regarding savings and investment. |
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Personal inheritances and windfall gains from relatives or friends that changed lifestyle, allowing for up-leveling |
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