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Conquer Fear of Investing
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- Investing is a deep mystery and I am completely lost.
- Are you lost or just not interested?? In either case, start simply. Read the Beginning Investors posts found in the Categories section on the right sidebar.
- I'm afraid I will lose money.
- Don't jump into the market with all your savings.? Dollar cost average and invest a modest sum every month over a span of six to twelve months.? Take longer if you have a sizable nest egg.
- This is a bad time to enter the market.
- The worse things look the better it is for investing.
- I do not have a clue which stocks to select.
- Don't invest in stocks.? Use index funds or index ETFs.? There are many example portfolios found within this blog.? Ask questions is you are unsure what to do.
- I read about the need to analyze stocks and I don't know what is involved.
- This problem is removed when one uses index funds or ETFs as the investment vehicles. Stock selection is a game you do not want to play.? Read Charles D. Ellis' book, "Winning The Loser's Game."
- This problem is removed when one uses index funds or ETFs as the investment vehicles. Stock selection is a game you do not want to play.? Read Charles D. Ellis' book, "Winning The Loser's Game."
- I can't keep up with investment discussions at the water cooler.
- These are conversations best left in the word trash bin.? Never act on a hot tip unless you want to get burned.? Don't get greedy.
- I'm too busy to think about investments.
- If you set up your portfolio using index funds, you will not need to take more than an hour or so a year to rebalance the portfolio.? I do suggest learning how to use the TLH spreadsheet and that will take time until you learn how to use it properly.
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Source: http://itawealthmanagement.com/2012/08/25/overcoming-fear-of-investing/
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