Afraid to Invest? Of Course You Are!

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When your ‘dumb’ friend has started investing and you haven’t, it’s time to get in the game!

So you’ve reached that point in your life, your job is stable, you know how to save your money, life is pretty good. But there’s a niggle, an annoying little voice that says “you need to invest”.

Chelsie Quinn, a marketing manager for a Jacksonville startup, faced this exact situation. Chelsie earns a good salary and, despite the occasional Etsy blowout, Chelsie is good with her money. But she too got the niggle. “I never thought about investing, until I did. I kept noticing it, in the office, on social media. Friends younger than me mentioned investment accounts. Was everyone investing EXCEPT me?

“It felt like work, so I put it off. The real turning point for me was when a friend, let’s call him Craig (not his real name) mentioned that he had investments. Let me just say that Craig is known as the not-so-smart friend of the group. I said, ‘Okay, it’s time”.

Deciding to invest is the easy part. After that, you have to figure out how. And then, get past the emotions that crop up when actually doing it. It feels like such an inconvenience, like emptying the lint trap in your dryer; you know you should but you just can’t be bothered.

The HOW is actually the easy part. Investing used to be complicated, you’d either need special ‘insider’ knowledge or be willing to pay someone for said knowledge, Luckily this is now a thing of the past.

Investing is easier than ever before. Sites like OnePageInvest.com teach you how to invest in a 15-minute read.

Over the last few years, the FIRE (Financial Independence Retire Early) movement has popularized the idea of simplified investing. But simple investing has always been a thing. Way back in 1975, Jack Bogle, the creator of the index fund, was laughed out of wall street for his simplistic approach to investing.

Today, his company Vanguard, is one of the biggest and most loved investment companies in the world. Jack’s simplified approach to investing is now considered the gold standard. Jack got the last laugh after all.

This is great news for you. The HOW of investing, is actually pretty simple.

The real problem you are going to face is the emotional side of investing. After all, it’s YOUR hard-earned money on the line. New investors get caught up in two ways. Firstly, the Fear of Missing Out — FOMO. This one’s easy to overcome so let’s get it out of the way first.

If you had invested $10,000 in Telsa in 2011, it would be worth over $2 Million today. A 20,000% return. Ouch! If only you’d known; investing in Telsa would have bought you a Lambo. This is FOMO.

We only experience FOMO because we’re able to look into the past and see the missed opportunities. This is so obvious with investing, the missed opportunity is right there on that chart.

The antidote to FOMO? Fully accepting that you’re not going to be able to pick these winners. Seriously. Many people try and almost all fail. Wall Street ‘professionals’ cant even identify these unicorn companies. Luckily, we don’t have to.

Proper investing can still produce life-changing rewards, without all the FOMO.

So overcoming FOMO is the easy part, next, we have to tackle the FOMAM, Fear of Making A Mistake. This one is a little more tricky!

As humans, we’re hard-wired to fear making mistakes, and this extends to all parts of life, not just investing. We fear making a dumb suggestion at work, we fear being over-dressed (or underdressed), we fear pronouncing a menu item incorrectly. Studies suggest we fear losses TWICE as much as gains. In other words, a $5 loss hurts way more than the satisfaction of a $10 gain.

This fear usually lands us in a bad place, the sludge-filled land of procrastination. We just do nothing. The problem is, when it comes to investing, doing nothing is also a huge mistake. Argh!

So how the heck do we overcome the fear of making a mistake?

Generally, we fear what we don’t understand. Job interviews are pretty scary, lugging your ass into work every day thereafter, not so much. The fear disappears when unknowns become knowns.

A little knowledge goes a long way.

So in order to not fear investing, we just need to understand it a little better. Luckily we don’t need to understand the whole complex machine. We just need a solid, yet simple strategy that other people have time-tested for us. We’ll piggyback on their hard work!

Online investing pro’s have done this work for you.

These guys have done the reading, they’ve lost the money. They’ve made the mistakes so you don’t have to. Don’t follow in their footsteps. Don’t spend hours reading investing books, which is actually just procrastination in disguise. Instead, take what they know and apply it for yourself. And do it now. Knowledge is nothing until it is applied.

Investing is as easy or as difficult as we choose to make it. But the evidence points to the effectiveness of simple. Online investing pros are going simple as well. Reducing their complex portfolios to a handful of holdings. Luckily for us, these simple and time-tested strategies are no longer a secret, they’re discussed openly on investing forums online. OnePageInvest.com discusses one such investing plan you can steal and use for yourself right now.

So now that you know the issues you’ll face, both FOMO and FOMAM, and that simplified investing is best, do you feel ready to take the plunge?

What if you’re still concerned about losing money? There’s a strategy for that!

Just ease yourself into it. Just do something small, like some learning, or sign up to a broker. Brokers are free to join. Consider investing just a small amount, like dipping your toe in a hot bath. $1000 is a good starting point, but $100 will work as well. Believe me, getting started with $100 is massive progress, for one, you’ll officially be an investor!

So what’s next?

Visit OnePageInvest.com. In a 15-minute read, you’ll learn the basics of investing. You’ll learn the fundamentals like inflation, diversification, and compounding. Following that, a simple portfolio and a step-by-step plan to set it up for yourself.

You can start that toe-dipping $100 investing account today. It’s a great resource and totally free. Check it out here — OnePageInvest.com