Most people are scared to death of investing. I'm not surprised.
Last week I spoke to one of my dance instructors and casually mentioned that I needed to save money because I wanted to invest and start buying stocks. At my words, she had a shocked look on her face, and advised me not to get involved as I could lose money.
Natural reaction. Most of my friends who don't know better react the same way when I tell them about my investing plans. In fact, I can share with you a few good reasons why you SHOULD invest in the stock market, but that's another post for another day.
We hear stories of people losing amounts in the thousands to millions on the stock market, getting their fingers burnt, having to borrow from loansharks to pay off the losses, etc...and start to think of the stock market as ......