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Anonymous
Constrains in learning how to invest.
Hi all,
Just curious, espically for beginners who wants to start investing, but have yet to start, what are their constrains and fear to even start investing?
is it the norm that investing is hard, they need to be good at investing to even start?
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Fear of the unknown
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I think it is the fear of losing money. There are quite a few ways to start investing; robo is also a good way where you do not need to do much research as compared to buying individual stock.
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I think investing is a journey and you will make mistakes along the way. The important thing is to start. If you are unsure where to start, invest in one of the major indices tracking global stock market. Time is your friend and compound interest is the 8th wonder of the world. One of the lessons you will learn is whether you can stomach this level of volitility.
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Not very sure how to start for one, and not very sure where to find reliable resources for a start. I am learning from reliable colleagues and friends but really understanding the thing yourself is another. Also because of hearing so many "horror" stories of people losing huge amount of money in investment due to greed or whatever reason, don't want to become one of them.