Some people like to say that investing is not for the faint-hearted or for those with limited education; I completely disagree investing is for the faint-hearted. If anything, the faint-hearted and those with little knowledge of how to invest in the markets have a distinct advantage.
Why should the faint-hearted invest …simple, because if you are afraid of losing your money, apprehensive of taking risks, you already have a major advantage over many seasoned investors. You have the advantage of not wanting to hold onto losing stocks, funds, ETF’s. You may not always act like a super-decisive action-hero, but you know what you don’t want. You don’t want to lose…You want to win!
The situation is similar for people with little or no knowledge about investing in the stock market, particularly how to master safe investing. If you have limited knowledge, then you don’t have any bad habits to break, and you don’t have any pre-conceived notions about how to invest safely and profitably. In fact, a new investor who is willing to learn the basic proven techniques for safe investing and who employs an easy to use, yet personal investment powerful software program can do just as well as a more sophisticated, experienced investor. As a new investor you are willing to follow the path to success.
So how do you turn faint-heartedness or lack of knowledge into an advantage?
Start by recognizing and writing down:
- How much time a week you can find to invest in your financial future? (20 minutes can do it)
- Whether or not you can use a computer?
- Whether you have access to the internet?
- Whether you can commit to reading 1-3 articles each week for a few months? (articles about investing so that you can learn the key principles of safe investing.
- If you are willing to ask for help when you don’t understand something?
It’s a misconception to think that you have to be a millionaire or have hundreds of thousands of dollars at your disposal in order to start investing or to be sure that a retirement account will grow and not suffer or die when the economy tanks for a few years. All it takes to get started is a few hundred dollars and the desire to secure your own future.
One key to succeeding in the investment world is to find a good investment software program; one that fits your personality and will work with you. If you are a visual person, you might prefer a program that gives buy/sell signals, or that incorporates charts. If you like to be given recommendations but don’t want to do the analyses yourself, then perhaps a program that simply gives you recommendations based on its own proprietary methods would work best for you. If you do like to figure things out on your own, then a program that lets you manipulate or sort the data to find investment recommendations.
For the adventurous among you, a few programs combine charts and different types of analyses and let you see the buy/sell rules. Whatever your preferences, there are many types of investment software programs available, some have long learning curves and some offer one-on-one support.
The fact is you can succeed in the stock market if you really want to; because you’re faint of heart, because you’re afraid of losing money, and because you haven’t had your brain pumped full of false investing ideas.
Investing Made Easy – Your road map for safe profitable investing in less than 30 minutes a week. By Raymond M.F. Dominick