Whenever I was about to invest in a stock or a mutual fund, I would remember things that made me feel scared. You must worry while parting with your hard-earned money, but that worry must be constructive…constructive in the sense that it must lead you to make the right investing decisions.
Most of the investor are worried about …
- What if this stock falls after I buy it?
- What if that company goes bankrupt after I buy its stock?
- What if the fund manager quits after I invest in this mutual fund?
- What if I lose all my savings in a stock market crisis?
- What if I’m not able to save enough for my child’s education?
- What if I fall short of money after I retire from work?
Stop worrying and start investing
See, I am not saying that you must go all out and invest in stocks blindly.
So you must…
- Worry about finding the right kind of stocks
- Worry what will happen if your decision goes wrong (so that you know what corrective action you’d take)
- Worry about getting emotionally attached with your investing decisions (when you are aware about your emotions, you are able to control them instead of being controlled by them)
- Worry about falling into the trap of bad investment advice (this will lead you to ask the right questions to your investment advisor so that you’re able to identify the right one from a majority of bad ones)
- Worry about being ignorant of how to analyze a company before investing in its stock (so that you prepare yourself to make educated decisions)
So stop worrying about your financial future. Instead start worrying (and working) if you are not working on it right now.
Do it NO
The best possible way to prepare for tomorrow is to concentrate with all your intelligence, all your enthusiasm, on doing today’s work superbly today. That is the only possible way you can prepare for the future.
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