Lie # 3: Investing Is Too Complicated
Have you ever felt...
"Investing is too complicated."
You are not alone!
It is common to feel that investing is hard to understand. Let’s be honest. Financial planners and advisors don’t make it easy for everyday people. They live in the world of investing and we dip in and out with our learning depending on where we are on our money journey. Basically, they drink the Kool-Aid every day and we sip only in the summertime. :)
Let's debunk a few misconceptions.
This is a biggie. Many people think you need a lot of money to start. Nope! Some mutual funds only require $50/month while others may require more. You can get started easily by investing in your company-sponsored 401k plan at work so you ensure you get those matching funds if they are available to you. That is FREE money and it is always a good thing to capitalize on that.
Another reason many people don’t invest is that they don’t understand what they are investing in. Simply put, it is best, to begin with, mutual funds because you are diversifying your strategy and not putting all your dollars into 1 company. A good financial planner or your plan administrator at work can help you choose the funds that would be right for you.
Finally, there are people who say that they aren’t good at math, so they won’t be good at investing. The good news is you don’t need to be good at math! Quick Tip: download a financial calculator onto your phone. Let the calculator do the work for you as you see how much $100, $200, or $500 per month can grow to if you invest at varying rates of return. I like to say you should expect between 8-12% return on your investing dollars if your mutual funds are performing well.
The main thing you need to know about investing is that...
You don’t have to do it alone.
I can help you see what is possible and a financial planner helps make it happen. If you are still a skeptic or concerned about losing your money, feel free to reach out to me. I’d love to help. Schedule a complimentary session with me here.
