The role of fear in Investing

in LeoFinance10 months ago

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Investing makes you financially free in the long term. What you should do is put away your fears and misconceptions and start educating yourself about investing. For this, you have to have a plan and strategy. Many people don’t have a strategy when it comes to investing. They say “We are not good with money” and “We’re not ever going to become rich or buy a house or own a car,” “It is all too much responsibility” “Too much hassle.” This is because people had negative experiences in the past, and they don’t want to face their fears. Many people don’t invest in the stock market because they believe they will lose all their investments. So, they don’t educate themselves in this regard. The key element to consider here is that you have to take risks and make decisions fast because there comes critical moment that you need to decide whether to continue investing, take away your entire investment, take your profit or avoid making more loss. These are important because you earned your money by trying your best. You went through at least 12 years of education and you learned stuff. You are a fully developed being who needs to be financially free at some point in their life. So, it is better to learn to invest at a young age. Losing money is part of investing, and you should be aware of this. Educating yourself is a powerful way to lose money less when investing.