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Here is Why Your Excuses for Not Investing Do not Maintain Up

It's no secret that investing is one of the best ways to create wealth. We're talking real wealth – not the meager returns you would get from a savings account. If you really want to grow your money, you need the return that you get from investing.

Of course we all know that. But a lot of us have things that hold us back. Maybe we don't know how to start. We may feel completely out of our element. Or maybe now is just not the time. There are many reasons not to invest – and most of them don't hold out.

Here are the top reasons people don't invest – and how to get around and start building real wealth.

1. I don't know what I'm doing

Come on, that never stopped me from doing anything! Of course I managed to break my car when I tried to change the oil once …

Just kidding! Seriously, don't let the investment game intimidate you. A number of apps, websites and tools designed specifically for beginners have appeared on the scene.

We like Stash because it lets you choose from hundreds of stocks and funds to build your own investment portfolio. But it makes it really easy by dividing them into categories based on your personal goals. Would you like to invest conservatively now? Totally understand! Do you want to dive with a moderate or aggressive risk? Do what you feel

Instead of overwhelming you with technical jargon, Stash gives its mutual funds understandable names. You can invest in technology companies or green energy providers or cybersecurity companies through funds like "American Innovators", "Clean & Green" or "Data Defenders". Or you can invest in funds with names like "Roll with Buffett", "Moderate Mix" or "Global Citizen".

2. I am afraid of losing my money

We understand that. Sure, the stock market can look scary and volatile, especially to a new investor. Stocks rise, stocks fall. The past year has been basically a roller coaster ride on Wall Street.

But the trick is to just stick with it and have a long-term outlook. Historically, according to knowledgeable authorities such as the Securities and Exchange Commission, an investment in the stock market has produced an average annual return of 7%, adjusted for inflation.

In other words, don't be afraid of losing your money. Just make sure you invest a responsible amount and stay on course.

3. Now is not the time – one day I will

If you hold to this belief, the time will never be right. Never.

Hear from Robin Hartill, a certified financial planner who is also the editor and columnist on financial advisory for The Penny Hoarder. Her advice: since the stock market makes your money grow over time, you might as well start sooner rather than later.

"The timing of your investment is much less important than the time you have to invest," says Hartill. “The S&P 500 has achieved an inflation-adjusted return averaging around 7% per year over the past 50 years. The cost of waiting for the perfect time to invest is high. You're missing out on long-term growth. "

4. I cannot afford to invest

You can afford to invest. You can start small if you have to.

You don't have to throw thousands of dollars on full stocks to invest. In fact, you can get started with Stash for as little as $ 1. *

A single share of Amazon costs more than $ 3,000, but you can still invest in Amazon like rich people. Stash lets you invest in fractions of a stock, which means you can invest in stocks that you normally couldn't afford.

If you sign up now (it takes two minutes), Stash will give you $ 5 after adding $ 5 to your investment account. Subscription plans start at $ 1 per month. **

We all have excuses. If you want to grow your money, you have to push past it.

Just start. It's easy.

Really, it's a lot easier than you think.

Mike Brassfield ((email protected)) is a senior writer at The Penny Hoarder. He's not rich, but you'd better believe he's investing.

* For securities priced above $ 1,000, fractional purchases start at $ 0.05.

** You also bear the standard fees and costs included in the pricing of the ETFs on your account, as well as fees for various ancillary services charged by Stash and the custodian.

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