Podcast: Play in new window
Subscribe: RSS
Learn how to dip your toe into investing in spite of fear.
This week’s Listener Question:
Linda,
Thanks for the financial information that you are providing to your listeners. I would like to invest on my own (currently managed by a bank) but am too worried that I may fail and never bounce back. What can you recommend I should do?
Tum
Sounds like you are in fear. Fear of failure, fear of loss, fear of making a mistake.
“Never bounce back.” What do you mean by that?
Maybe you lack of knowledge.
Talk to your Financial Advisor. Learn about what you already have.
Decide what you want to learn about.
Listen to podcast #293 regarding where to invest $300 to $500 dollars.
Open a brokerage account.
Dollar cost average into an ETF.
Research and learn how to buy stocks. Books, magazines, newspapers.
Start slowly.
Take advantage of dips.
Realize we are overdue for a 20% correction that happens every rolling 10 year period.
Invest for the long-term. More success with buy and hold over long-term.
Realize you will make mistakes. I did.
You can recover and learn to be successful. You look young, so good for you for learning at a young age.
Want financial freedom?
Get your free report: "3 Easy Steps to Maximize Your Wealth Building". You're about to learn 3 things to accelerate your wealth building, that you won't hear from most financial experts.
Please check your email. Thanks
Leave a Reply