The Fear of Investing
Anyone who was half-awake as the new Millennium drew near in 2000 knew that the stock market was hot—it seemed as though everyone and anybody was making money. So, which way should you go? Stocks, bonds, mutual funds, real estate, business opportunities—the list of possibilities is long.
One of the scary things about investing is that there are no guarantees. Any money that you invest can increase in value, maintain its original value, or decline in value.
Sometimes, too many options can confuse you. Should you throw in the towel and give up? Absolutely not. Over time, which means you start investing now, investments, especially the stock market, have outperformed other investments. One of the Momisms of life is “Be patient, your turn will come.” Investing takes time and patience. When it comes to investing, don’t focus on what your investment is worth this week or even this month. Concentrate on the long haul—what are the projects you are saving for five, ten years from now?
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