I’m a 32 year old male, with quite a sizeable savings account and I make more than enough that others have told me I “have literally no excuse for not putting any of that money into the markets.”
However, I feel like I do. I have this irrational fear that the minute I put any money into the markets, a 2nd Black Monday would happen. That would just be my luck. However I also know that with my money just sitting in my savings account, I know I’m still losing to inflation. Just not as quickly as I would if the market were to crash.
I suppose it also comes from the fact that my family was dirt poor growing up, living in shitty pay by the week motels or in our old Plymouth Voyager when things got really bad. That I cling tightly to my money for a fear of ending up in the poor house again
How do I overcome this fear of investing and getting into the markets?
Submitted November 09, 2021 at 02:52AM by VegasGuy1223 https://ift.tt/3qlGWAi
