Information is at our fingertips. If you went on the Internet, went to Google, and typed in: retirement advice, you’ll end up with 148,000,0000 search results in 0.87 seconds. Wow! If that doesn’t scare you, then you must love to read!
When you have that much information at your fingertips, how could you not have questions? Overload of information is a one-way ticket in a first class seat to “anxiety-land,” full of confusion and uncertainty.
I’ve been in this business for some time now, even before information about everything was at our fingertips; and I can tell you the misconception and fears that investors have today have not changed.
I’ve gathered a list of the top and most common fears that investors had then, and still have today.
When you’re dealing with something as significant as money; your hard-earned money, your life savings, your nest egg – the last thing you want to do is invest into something that causes you uncertainty. Most people commonly mistake the unknown for uncertainty or dislike. When you have all of the correct facts and have a solid understanding and knowledge of what is available, the fear of uncertainty is less and less.
Does anyone really like change? Change is a difficult thing for people and that “fear” is reasonable. But there are two types of change, good and bad. Pretty simple, right? Well, if it were that simple then why is it that I’ve seen so many people have investments with firms with whom they are not satisfied? Where they are not demanding the type of service that they require or deserve? It usually boils down to the fear of change or making a bad or worse decision.
Not Having Enough
This does not just apply to the younger generations; this applies to all ages of investors. Many people believe that they don’t have enough money to invest. When you start investing for the first time it can be quite scary. But if you never take the “shot” you’ll never know if you’ll score.
The definition of fear is “an unpleasant emotion caused by anticipation or a sense of danger.” When there is a mass-overload of information, it’s quite easy to get lost in the mix of things. So how do you get passed this fear? The best piece of advice that I can give you is to ask questions. Online research is great place to start, but the Internet is not going to guide you through your financial journey.
If you have questions, just give me a call. If you think you have a fear that you want to overcome, give me a call. If you want real world advice tailored to your specific needs and goals, just give me a call. There’s nothing more that I love than helping people.