One of the topics I find fascinating (and important) to explore is the idea of overcoming fear or other emotion that prevents people from investing in the stock market. Though some cynically view investing as a system gamed against the average investor, I believe it can provide opportunity for regular people to build wealth, gain greater freedom over their lives by becoming less dependent on employment, and improve financial security.
Tag: fear of investing
Are you afraid of revealing your personal financial situation and being judged harshly by financial professionals, your parents, or other people in your social circle? If yes, then you are not alone.
According to a 2014 survey of 2,000+ U.S. adults commissioned by TradeKing Advisors, 57% of would-be investors say that the thought of speaking with a financial adviser in person (either in a face-to-face meeting or on the telephone) has stopped them from investing. Seventy-four percent of Millennials (ages 18-34) and 66% of Gen X (ages 35-44) have allowed fear to paralyze them.
Whether you are part of these generations or not, you don’t have to be afraid.