Business
I’m aggravated! Well, not exactly. This week’s episode of Stacks and the City, I’m going over all the myths, misconceptions, lies, and pet peeves regarding what I’ve heard regarding the stock market. There’s a lot of information about the stock market out there and I want to clear the air. The following are some of my 6 issues I hear when people share their trepidation when investing in the stock market: The Stock Market is a Gamble It can be if you don’t know too much about it. The more knowledge you have on how the stock market works, the better you’ll be at reading which stocks are more profitable than others. Knowledge truly is power! The Stock Market is Too Complicated Actually, it can be complicated. However, don’t make it more complicated than it has to be! You can invest online index funds or hire someone else to manage your money for you. Don’t be a mechanic- be a person who just got her license! I’m Going to Lose All My Money NO YOU’RE NOT. Ya’ll, as long as you do the basics in the stock market. You will not lose money. The longer you hold your shares, the money money you’ll make. The stock market is a time game. Don’t fear the stock market because of losing. Most people are winning! I Get All of My Knowledge from CNBC/any News Cycle The majority of your information on the stock market should not come from 24 hour business news cycles. Do some research on your own. Numbers do not lie! Google ‘stocks to invest in’ and ‘index funds to look into’. Remember, many of these outlets are meant to entertain. Do the research on your own! I’m Only Interested in Investing in Stock Market Trends Apple and Tesla aren’t the only stocks worth trading in. Bitcoin, cryptocurrency, and forex aren’t the only places to make money in the stock market. Don’t be on the trends. Find stocks that no one is talking about. I Don’t Have Any Investments If you participate in your job’s retirement plan (401(k), TSP), you are already invested in the stock market. You simply have someone manage the money for you. This is the basic and easiest way to participate in the stock market. As always, make sure you share and let me know your thoughts. Be sure to share, and rate the show. Music: bensound.com Follow Me: @stacksnthecity Website: www.stacksandthecity.co