Hey all,
I know so many people who talk about cryptocurrency and stocks being "the next big thing", but they don't know if now is a good time to invest or not. I also know a lot of people who say they really want to start going to the gym or start that one class or program they've been wanting to do for years, but never act on it. For the people who are right at the edge of making a decision and never act on it, here's some simple advice:
Just dip your feet in the waters.
People I talk with say that the main reason they don't invest is because they don't want to lose all of their money. To them I say, just put in a little amount you wouldn't be upset at losing, say $100. If $100 is too much, try $20, or $5. The fact of the matter is:
Once you are invested, you are invested.
What I mean by this is when you finally decide to put money in some investments, you are now invested in tracking its performance, reading news on things that will be coming its way, and learning about the industry and finding newer and more quality projects just by researching what you already own. I've seen time and time again people go in and out of phases when they look at markets, do some research, don't act on anything, and stop trying. If you are invested, you are way more likely to develop a routine that keeps you in the game.
This doesn't have to be just for investments, this is for life too. If you want to go to the gym but fear what other people will think or you just don't find the time to go, start at home. If you start at home, do pushups, sit-ups, bicep curls, etc., you will start feeling different. You will feel more confident and maybe to the point of wanting to invest in a gym membership because you can only do so much at home. This is exactly like investing in markets. Invest a small amount, get comfortable, and then up your weight, or rather increase positions in other investments.
Getting started with investing this way isn't about getting rich quick. It's about developing habits that help you understand the market and help you understand your emotions and what to do when certain things happen.
As always, if you liked this post please be sure to leave me an upvote and follow me for more content and advice like this. If you didn't like it, let me know why in the comments. I'm curious to see where you all are with investing and also encourage you all to add more advice in the comments. Keep crushing it!
Alex