A few years ago, when I first started learning and getting into this financial world, I was overwhelmed. Overwhelmed with information, books, and learning, but nothing was more overwhelming than overcoming that fear of the market.
Some of us are born with families that are in the market, but most families are not. If your family was like mine, we didn’t touch the market, aside from 401ks and pension plans. Thinking about investing money in the stock market was basically like throwing your money into a garbage can. I do remember my Grandpa had given a few of us stocks when we were kids, but the company went bankrupt and those shares are worthless now.
Fast forward to a few years ago, and I had to completely relearn what the market is. There is a bad stigmatism that is brought about from how you were raised or how your family handled money and finances. It’s a lot to relearn, your mind is coded to this generational disinformation that the stock market is a losing game. If only they had known it’s one of the greatest wealth generators, as long as you do it smart, and learn before jumping in.
My biggest risk, not only entering the market and playing with hard earned money, was Day Trading. I was lured in by the “Work for yourself” mentality and the wonderful hours of business that you can put in. I was ready for a change, only I didn’t realize how hard Day Trading would be. After breaking even, and noticing my emotional state during the trading day, I realized that this new job was not for me. I wanted to be in the market though, I just didn’t know what that meant.
After attempting to Day Trade, I was then introduced through inquiry of Value Investing. Investing in general really, and the amount of books and content I’ve read since then has given me a lot of perspective on what type of investor I’d like to be. If I had not made that risk Day Trading, who knows if I would have ever entered the market.
Now that I’ve been in the market for a few years, my only regret is not starting sooner. The steps I took allowed me to get where I am today, investing for our future as a family, building generational wealth, and giving my family opportunities that may not have been possible, without the market.
What was your biggest risk that you don’t regret?
Thrifty Investing 
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