I am going to try to keep it short, but also to try to explain the issues/fears i am facing.
I am investing for few years now, but I never actually invested “all” of my savings.
I have majority of savings in savings account, and of course, it hurts to see them dying there with almost no interests at all.
The problem is, I am by nature paranoid, and my fears / paranoias are usually non founded, however…I cannot force myself to invest all or majority of my savings into the market.
What I mean by paranoia is, that my mind is easily tricked into thinking something bad is going to happen, all the time.
If I watch a collapsing video on youtube for 5 seconds, my mind will think we are all going to extinct within a year.
Then I see news into socialist killing the market, illegal immigration and we all dying because of it, politics, terorism, etc etc.
There is plenty of crap in the world, and I think that, once I invest all, I will finally be the one which will get screwed over and something big is going to happen.
There has been tens of recessions and crashes in the past, but when I invest, this will be the end of the market as we know it and everything will collapse for good.
You get my point.
Currently, I have around 150K invested , and this is around 20% of my savings. The other 80% is just sitting in savings account, and inflation eating it away.
I am in my 40s, so I do not need to be aggressive with the investing, I think, cause I can just use up the savings to live off it, if I need, I am not from the USA, so my expenses are lower than, I would be able to manage of living with 1000 USD a month (not nicely, but I would be able to live)
How to get over the fear of thinking that, once I invest, everything will end.
The stock market as we know it, the economy as we know it, the word will burn in flames, and I would be better of having that money in cash.
I worked hard for my savings, I still do, I work 15 hours a day for 7 days a week, did not take the day off or gone on vacation for last 15 years.
I am just so scared to put all of this into the market, and then lose it all because something happened.
On the other hand, if I do not invest and then in 20 years the world is still here, it would be a shame that I did not gain more money and create some passive income I could live off.
I think I might need psychiatrist more than a financial advice when I put it this way :)
Thank you for any advices you might have.
Submitted May 20, 2019 at 05:36AM by PlasticClick0 http://bit.ly/2M64GWe
