Ask Away...: Getting Over the Fear of Investing

Tuesday, January 16, 2018

Getting Over the Fear of Investing

The idea of investing in a business, or buying shares on the stock market can be very appealing. We’ve all heard fantastic success stories where people have bought a few shares in a new up and coming internet startup, only to find those shares are worth an absolute fortune when the company makes it big. But, we also know that it can be much more complicated than this, and that very few people get so lucky straight away. So, despite its appeal, investing can be intimidating. Many of us would love to do it, but the idea of watching stocks, monitoring trade prices and keeping tabs on the stock exchange terrifies us. So, we just don’t bother.

This is a shame, as if you can get past that fear and make some good investments, you could make a lot of money without having to do much at all.

Educate Yourself

The best way to get over any fear is learning. One of the biggest causes of any fear is a lack of understanding. The same is true of investing. We’re scared because we don’t understand. Read books, look online at tutorials and learn as much as you can about how stocks work, how to invest, and investment strategies.

Get Help

Read this finviz review to get an idea of the kind of help that’s out there. You don’t need to go into this alone. There are websites, apps and companies that can help you figure out what you are doing, make investments for you, and even look after your portfolio.

Set a Budget

Another big fear is losing our hard earned savings. Yes, we’ve heard stories about people who got lucky and made a fortune. But, we’ve also heard tales of those that have made foolish investments and lost everything. The key here is never investing any more than you can afford to lose. This way, you haven’t really got anything to worry about.

Start Small

You don’t need to go in big and invest your whole budget straight away. Start as small as you feel comfortable and build up slowly. If you want to invest in a large company, you can start with just a fraction of a share to dip your toe into the investment market. Then as you find your feet, begin to learn more and feel more in control, make larger, more meaningful investments.

Make a Plan and Keep It Simple

Investment strategies can seem very complicated, and perhaps unnecessary if you only want to spend a small amount. But, they don’t need to be. Keep things simple so that you can spot problems and make changes easily without getting overwhelmed when everything starts to change.

Just Do It

Prepare and learn as much as you can. But, there will come a time when you just have to take the plunge. We can spend years putting things off because we’re scared, eventually giving up on something that we could have loved. When you are ready, just do it. Make that first investment and don’t look back.

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