Fear and anxiety are two different things. Some of us fear investing because we don’t know how to invest and that’s understandable. Investing can be intimidating. It has a language all its own which seems foreign to beginners.
There are plenty of people who have a vested interest in making it seem more complicated than it is. If you don’t think you can possibly understand how investing works and how to invest successfully, you are more willing to pay someone else to do it for you.
And perhaps the reason we fear investing most, it’s our money on the line. If you get it completely wrong, you can lose money, a lot of it. People who are anxious about investing don’t necessarily fear it. They speak the language, they’ve educated themselves on how to invest well, and they understand that while you can lose money, over the long haul, you make money when you invest.
The anxiety is tied to the things going on around us that we can’t control. A recession is coming and probably sooner rather than later. Many investors in their 30s and 40s remember the impact of the last big recession all too well. Jobs lost, homes lost, retirement savings decimated.
Automation is going to eliminate not only jobs but entire industries. And wages have been stagnant since the 1970s. When you put all of these things in a big pile, well, you can see why people might feel anxious.
But we have to overcome our anxieties just as we have to overcome our fears. Investing in the age of anxiety is tough, but we can do it.
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