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The #1 Reason People Don’t Invest

Posted By Ron On November 28, 2011 @ 6:33 AM In Investing,Personal Finance | Comments Disabled

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We don’t invest [2] for a myriad of reasons:

  • Fear of kissing our life’s savings goodby
  • Fear of looking foolish when we lose money
  • Ignorance of how investing works
  • Concern that any earnings will be consumed by taxes or commissions
  • Lack of disposable money to put away because of paycheck to paycheck living

But all of these “reasons” pre-suppose one thing: That people have given themselves the opportunity TO invest.

No one CAN invest without a brokerage account

Have you given yourself the opportunity?

It’s somewhat like the people I hear saying, “I wish I’d win the lottery.” My question to them is, “Do you have a ticket for this week?” Ninety nine times out of one hundred the answer is no, so my response is, “I guarantee you won’t win this week!” Though they probably won’t win even if they have a ticket, there is absolutely NO chance of winning without one. The same goes for investing.