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How to Become a Fearless Investor
5 common reasons most people fear investing and a practical way of overcoming the fear
My heart is racing. My hands are so wet from my sweat that I can’t even get a good grip on the computer mouse.
After hearing many stories from people who lost money, I feared investing. But I still to get in on the game. I wanted to get rich badly.
But my stomach felt like it was inside out. I collected all the courage inside me. Then, I finally did it. Boom! I bought my first stocks.
This was in 2007, and I STILL remember how I felt. That’s how scary investing is. Over the years, I started to control my emotions to a degree that I don’t even feel the slightest itch when I invest my money.
That’s because I found ways to overcome my fear of investing.
What follows is a list of 5 common reasons most people fear investing and a practical way of overcoming the fear.
1. Fear of losing money
The fear of losing money is a primal instinct, deeply ingrained in our psyche. It’s tied to our survival instincts. After all, for much of human history, losing resources could mean life or death.