- Losing money. I am not afraid of losing money…now. I mean, I would rather not, but I can overlook a short-term loss for a long-term gain. But plenty of people, like my husband, are. Instead of embracing some risk, some people want to leave their money is very safe accounts - accounts that don't keep up with inflation, so the money is lost after all.
- I can't save enough money, so why try at all? No one wants to spend their retirement worrying about money. Still, the long-term goal, the amount of money required, and the current financial responsibilities of today make it difficult to get past this fear.
- Making the wrong decision. This is my greatest fear: What if I decide to invest in this and only get an 8% return on my money when I could have invested in that for a 10% return? A 2% difference over 40 years is HUGE. How would that affect my children and grandchildren?
- It's too hard/I'm not smart enough. Oh, yeah. This, too. I prefer wading through ways to earn more money or cutting expenses to deciphering methods of investing. Real estate? Stocks? Gold? Mutual funds? Index funds? Ugh. And what about all those terms? Dividends, small-cap, growth vs. income, mutual funds, and ETFs. It's enough to make me go make homemade laundry detergent and forget this investing stuff. But that Robert Brokamp is one smart dude. I hope you're reading his stuff. He's smart and funny.
Fear Of Investing: Divide(nd) And Conquer!
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