Before I started investing in stocks I spent 1 year researching and doing mock portfolios. I read books, watched CNBC. I read financials and research reports. None of that really prepared me for actually investing my hard earned money into the Stock market.
I learned more in the first 6 month of investing with my money, than I did in my entire year of research. There was nothing to prepare me for the emotional aspects of investing in the market. I reacted so different when it was my money on the line.
I have been in and out of the market for about 12 years since my initial foray. I am a much better investor. I have a greater understanding of how markets work. Over my first year of investing I spent (lost) about $1,500. If I had never started, I would have never had this understanding.
Just Start Already
I started poorly, but learned vital principles that have saved and made me (and my parents) some substantial sums of money since. (Full disclosure: one of the key things I learned is; invest first in assets where you have more control over the risks)
If you really have a passion for something… Start doing it. I recommend the book “Start” by Jon Acuff if you are looking for additional reasons to Start. It is great for helping you start no matter where you are currently in your life.
Once you start, constantly learn and grow. Don’t stop just because it gets hard, or you lose a little money. Those initial losses are sometimes the cost of your education. The profits come after you have learned those lessons. Take what you have learned to move toward greatness.
What has held you back from Starting?