LA Times 10/29/1997

Some See ‘Herd Behaviour’ Behind the Market Swings By Terence Monmaney October 29, 1997 in print edition A-1 In theory, the stock market works rationally and investors always exercise a disciplined calculus to part with their hard-won cash. But in reality, as the previous two days have shown so dramatically, there is a lot of raw emotion and frail psychology …

Financial Planning ASN Journal

Laura’s Case: The Psychology of Money, the Psychologist and the Financial Planner by Carol L. Nowka, CFP and James W. Gottfurcht, Ph.D. What emotional issues or personality traits are coloring a client’s financial situation? Financial advisors often run up against client behaviors that obstruct the client’s financial success. The authors of this article—a financial planner and a psychologist—give an overview …

Associated Press 03/04/2009

Money shrinks soothe souls of the tragically rich April 30, 2009 4:26 PM ET LOS ANGELES (AP) – Psychologist James Gottfurcht specializes in coaching people about their money woes, and as his affluent clients’ fortunes sink in these recessionary times, he’s getting richer. And Gottfurcht is not alone. Across the country, so-called wealth coaching has never been more profitable than …

CNN Money 02/21/2002

You think like a million bucks So you want to be a millionaire. Do you think like one? February 21, 2002: 11:08 a.m. ET By Annelena Lobb NEW YORK (CNN/Money) -By now, you’ve probably noticed that money makes people do a lot of strange things. Tell people they can make a million bucks, and they’ll do anything — whether it’s …

Business Week 04/16/2001

After the Wild Ride Investors have lost $4.6 trillion in the tech debacle–and a lot more than money went with it April 16, 2001 By Rochelle Sharpe For a while, becoming fabulously wealthy practically overnight seemed to be about as easy as waking up in the morning and getting out of bed. That’s the way it was for Jon Simmons …

MSN Money

MSN Money The Basics Is your money making you crazy? Some people are born worriers, and when the economy is shaky, their imaginations go into overdrive. Here are five tips for coping with impending doom, real or otherwise. By Liz Pulliam Weston A deteriorating economy, the volatile stock market and plunging home prices have plenty of people worried. But some …

Thomson Reuters 12/16/2008

Downturn spurs “survival panic” for some Tue Dec 16, 2008 8:23am EST By Nicole Maestri NEW YORK (Reuters) – A paralegal, recently laid off, wanted to get back at the “establishment” that he felt was to blame for his lost job. So when he craved an expensive new tie, he went out and stole one. The story, relayed by psychiatrist …

Vanguard 2008

Keeping cool during market turmoil Anxious about the markets? Who wouldn’t be, given today’s headlines? But the good news is that there are things you can do to cope with the stresses accompanying financial turmoil, according to Dr. James Gottfurcht, a clinical psychologist and an expert on the relationship between money, investing, and emotions. When the economy is being battered, …

Journal of Financial Planning 05/02/2008

Journal of Financial Planning 05/02/2008 Planners and Coaches: A Natural Fit? Financial planners advise clients, but to whom do planners turn when they need professional or personal advice? For some planners, working with a coach for guidance on topics ranging from practice marketing to work/life balance is the solution. Over the years, Bedda D’Angelo, CFP, president of Fiduciary Solutions, a …

ABC News 05/02/2008

U.S. Loses 20K Jobs but Some Are Merchants of Misfortune From Auction Houses to Shrinks: For Some, the Downturn Brings More Dollars By ALICE GOMSTYN ABC NEWS Business Unit May 2, 2008 Employers cut another 20,000 jobs in April, the Department of Labor reported today. The reduction, while smaller than expected, marks the fourth straight month of job losses in …