How To Overcome Fear of Investment

Sam Dede

New member
I understand fear around investing. Here’s why it’s scary and how you can move from fear to confidence
1. Maslow’s hierarchy of basic needs food and shelter
--Realize the important and spend time on it

2. As humans, our brain functioning goes back to the days of living in caves. We had to be afraid to survive. If we weren’t always in a state of worry or fear, we could run out of food or get eaten by an animal as soon as we left the cave. Now, we have to put that fear somewhere. It is still part of our brain functioning. We worry about many things, and money is at the top of the list.

Even if people who have a lot of wealth worry they’ll run out or won’t be able to support the lifestyle they have adapted. I watched All the Money in the World recently, the movie about J. Paul Getty. According to the movie, he washed his own underwear so he wouldn’t have to pay for the laundry service. The way he lived and spent his money was centered around lowering his taxes through a charitable trust. In 1966 Guinness Book of Records claimed he was the world's richest private citizen. He was worth an estimated $1.2 billion, which is almost $10 billion today.

--Notice when your fears are unfounded

3. We don’t know about investing until we have done it. It’s like raising a child, especially that first one. Every investor has made big mistakes. I am listening to Ray Dalio’s new book now. He is a billionaire investor. He is the founder of investment firm Bridgewater Associates, one of the world's largest hedge funds. As I record this he is one of the world's 100 wealthiest people, according to Bloomberg. He made huge mistakes after he had been investing for several years.

---Learn from an unbiased and experienced source

4. We make mistakes, then beat ourselves up relentlessly after we make investing mistakes.

--Remember that everyone makes mistakes

5. Most people invest without knowing even the minimum basics about it. It’s crazy. Information is power.
--Learn the basics of investing
 

Jelineex

Active member
I think it is normal for a person to worry because he knows nothing. He feared of losing just like investment. We all want security. It is always better to know and understand the concept of investment before venturing. I don't know if it's acceptable but try to invest money that you can afford to lose. I mean big or small amount of money will always be at risk. Think before deciding.
 

Odunsi

Member
Thanks for this post, one fear has been one of my greatest issue for investment. I always fear to invest the little money I work hard to earn from my professional job, all because i have never done or go into any business before and I don't want to risk and lose the money.

Though I have come to understand that, every business worth the risk. Once one has done visibility study.
 
Learning how to invest and understanding what you’re investing in will give you the confidence that you need overtime to start putting your money. That is why it is becoming increasingly more important to learn how to handle your own money. Investing success comes with specific knowledge and skills. Because fear comes from not having the knowledge or skills to invest, it is important to focus on your circle of competence. Narrow down the world of things you can invest in and select one or two. Devote your time to becoming an expert on those one or two things. Remember, a knowledgeable investor makes the journey safely.
 

agbuyarashel

New member
Fear is a normal thing in everything especially in investing, its so hard to earn even a cent that we can't affoerd to lose but we must not let this stop us. Instead, we should use this fear to guide us.

I'm afraid of losing money but I'm also scared of wasting the opportunity to make more money. Because I'm scared of losing money but still want to invest, I make sure to choose investments that have moderate risk. I also put 25% on high risks because I still want to try.
 

minou

New member
Thanks for this post ! It was quite informative. Basically i believe that one of the most important ways to get out of the area of fear when it comes to investments is studying very well before stepping in. Take your time and learn from different sources and never rush into investements that look all sparkly without studying. Next there is what i like to call the just do it- go for it step which is the second most important thing in order to get over you fears, then last but not least, one must always have the courage to accept the mistakes and embrace failure by approaching it as a stepping stone toward success.
 

Sotherefore

VIP Contributor
Thank you so much for sharing. Fear is part of every human being and there is no way we can completely avoid it. In as much as we can't afforit totally there are so many things that could revive or bring back our confidence in some of the things we do.
For investment , it is necessary for us to understand that it is not all investment that we will be able to do, some investment are risky while some present a lesser risks and those are the ones we have to choose and only when we have also carried out research about it.

Investment opportunities like real estate may not really present much risk but cryptocurrency as we all understand may be slightly risky because of its high volatility. You have to research and know how a particular investment works before you make any attempt to commit your money into such.
 

Augusta

VIP Contributor
it is just human nature to have fear for the unknown so when you are trying to start up a new thing you will have this fear that it might not work out just like you have expected so it is nothing new to anybody it is just the stage where we have the self-doubt but if we are bold enough to put the right foot forward we might find out that we did the right thing by taking the bold steps.

when it comes to investments or starting up a business for the very first time there is always the fear of one not wanting to fail. To overcome these will be to do a thorough research on what we want to work on and try to get relevant information like you are rightly stated from experienced people and we can now add to our knowledge to see that we can come out victoriously.
 
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