Understanding Our Regrets Today Can Improve Our Financial Tomorrow

Feelings of regret, especially about financial decisions or inaction, are universal, but it’s possible to turn them into life’s best positives.

Young man covers his face with one hand in gesture of regret.
(Image credit: Getty Images)

“‘Jerry,’ my 65-year-old father, is beating himself up over failing to get out of the stock market months ago when it was so high. He is obsessed with making money and now consumed with regret and guilt. He has always been impulsive, not wanting to miss out on a hot stock, and I am afraid now he is vulnerable to making a wrong decision to get back what he lost. Dad is becoming a stranger to the family. We have told him for years to work with a financial adviser, but he is a know-it-all.

“Do you know of anything he can read which might help him feel less angry with himself over his decisions and encourage him to work with a financial adviser? Thanks, ‘Liz.’”

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H. Dennis Beaver, Esq.
Attorney at Law, Author of "You and the Law"

After attending Loyola University School of Law, H. Dennis Beaver joined California's Kern County District Attorney's Office, where he established a Consumer Fraud section. He is in the general practice of law and writes a syndicated newspaper column, "You and the Law." Through his column he offers readers in need of down-to-earth advice his help free of charge. "I know it sounds corny, but I just love to be able to use my education and experience to help, simply to help. When a reader contacts me, it is a gift."