In my mission to educate, inform and inspire the average Joe to invest, I have just one question to ask:
What’s keeping you out of the market?
I will address some common reasons that I hear. I hope that after you read what I have to say, if you’re not in the stock market you will strongly reconsider…
Reason 1: I don’t make enough money.
This is the best time in history for the average person to get into the market.
Many years ago, you had to have a significant amount of money to open an investment account. This left most of the middle and lower income classes out in the cold.
Well, those days are gone. With apps like Robinhood, you can open an account with zero dollars and buy one share a month, if that’s all you can afford.
You may be thinking, “What will a share a month do?” Let me tell you – over time, it can do quite a lot!
Reason 2: I don’t know anything about investing.
For starters, I would recommend purchasing my quick beginners’ guide, The Stock Market Is For Everyone. In it, you will learn everything you need to begin investing.
I tell people that when you buy shares in a company, you are becoming an owner. Think of businesses that you would like to be an owner in, and invest in those companies!
Reason 3: The stock market is too risky.
Over the last 100 years, the stock market has risen an average of 8% per year.
During that time period we have had: multiple recessions, world wars, a Depression, political unrest, presidential assassinations, several financial disasters, and a housing crisis the likes of which the world had never seen.
In spite of all these catastrophic events, the Dow Jones Industrial Average has gone from 100 in the 1950s to 25,313 today.
If you invested $10,000 into an S&P 500 index fund 50 years ago, it would be worth $50 million today!
The stock market is not without risk. Time in the market, however, will minimize this risk.
When it comes to investing, in the words of Franklin Delano Roosevelt:
“There is nothing to fear but fear itself.”