I got this question from a reader:
"Fiona, I'm scared of investing because I'm worried I will lose money. What should I do?"
Overcoming your fear of investing can be challenging.
But if you want to give yourself unlimited wealth-building opportunities…
Then you need to learn how to conquer your fear of investing.
And that’s exactly what I’m going to show you in this post.
So if you’re ready…
Let’s kick things off with step #1:
Step #1: Educate Yourself
Start by educating yourself about investing.
The more you understand investing concepts, the more confident you’ll feel.
Recommended reading: How to Get Rich with Investing
Step #2: Start Small
Begin with a small investment – like $10.
This small amount can help ease your fear of investing…
And let you experience the process without much risk.
Recommended resource:
Start investing on the Acorns app with just $5.
Step #3: Diversify
Diversify your investments.
This helps reduce the impact of a single investment’s poor performance.
An easy way to do this is by investing in a different asset class, like real estate.
Recommended resource:
If you want to become a real estate investor, check out Fundrise.
With Fundrise, you can start investing with just $10.
Step #4: Think Big Picture
Don’t forget that investing is a long-term process (10+ years).
Short-term fluctuations are normal.
And so far, markets have a 100% track record of recovering after recessions.
Step #5: Consider Your Risk Tolerance
Assess your risk tolerance and invest according to your comfort level.
Knowing how much risk you’re willing to take can guide your investment decisions.
Step #6: Automate Your Investments
Once you feel more comfortable with investing…
It’s a good idea to set up automatic contributions to your investments.
This can help you avoid overthinking and emotional decisions (especially during downturns).
Pro tip: With investment apps like Acorns, you can set up automatic investments easily.
The Bottom Line
Remember:
Big things often start small.
So start today.
Your bank account will thank me later.
That’s all for now!
Your friend,
Fiona
PS: When you’re ready, here’s how I can help you…
• Check out my available programs
• Promote yourself to 30,000+ subscribers by sponsoring my newsletter
