Reminder to self: Investing can be scary but keep going

Investing one's money can be scary.  It took me a long time to get around this fear, and to land myself in a frame of mind to say, "yes, it's scary but it's less scary than losing my money to inflation."  Hence the moniker "Lateinvestor", lol.

I took that first leap into the market sometime late last year and boy, what a rewarding ride it has been!  I'm glad I overcame the fear of investing.

The market will always be volatile and ever-changing.  What I need to keep myself calm and keep launching into the deep waters of investing are some good advice from some prominent gurus.

1. Benjamin Franklin: An investment in knowledge pays the best interest.
So read up!  Study, research, analyse.

2. Warren Buffett: Close the doors, Be fearful when others are greedy.  Be greedy when others are fearful.
When the market is down, go full throttle.  When the market is up, go away and rest a while.

3. Robert Arnott: In investing, what is comfortable is rarely profitable.
Some risk taking is necessary.  Don't be afraid to take a bigger bite at times.  Don't be afraid to stay onboard while everyone else is jumping ship.  Your money, your call; your research, your decision.

4. Robert G. Allen: How many millionaires do you know who have become wealthy by investing in savings accounts?
That's a rhetorical question, isn't it?  The answer is as clear as day.  Save only sufficiently for an emergency but not as an investment.

5. Ben Graham: The individual investor should act consistently as an investor and not as a speculator.
Be thoughtful and not impulsive.  Be patient and cautious.  Never speculate.

6. Robert Kiyosaki: It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.
Grow and protect the portfolio.

7. Dave Ramsey: Financial peace isn't the acquisition of stuff.  It's learning to live on less than you make, so you can give money back and have money to invest.  You can't win until you do this.
Not going the minimalist way but definitely less stuff in the house.  Spend on family prudently, save some and invest the rest.

8. Paul Samuelson: Investing should be more like watching paint dry or watching grass grow.  If you want excitement, take $800 and go to Las Vegas.
Investing is not gambling. Nuff said.

9. Sir John Templeton: The four most dangerous words in investing are "this time it's different."
At no time at all should you speculate.

10. Peter Lynch: Know what you own, and know why you own it.
Do your homework before buying a stock.  Thereafter, monitor and re-evaluate the portfolio on a timely basis.  What is right to hold today might not be right to hold in the future. 


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