Enter With Boldness

Fear is a negative emotion and negative emotions conjure negative results. As Dr. Cara Barker puts it, “fear takes us off-course.” In investing in the stock market, understand that an action that is riddled with fear is on its way to failure.

Statistics shows that most people fail before they start. In other words, fear of a thing has proven to be the very thing that leads to failure.

Let’s face it, making money is tough. You spend most of your life learning new skills, gaining an education, growing your network and so much more and one of the key reasons is to earn money to sustain a good lifestyle.

As such, the thought of taking all that hard-earned money and setting it aside for a number of years with an unknown risk factor, can be daunting! However, choosing not to invest your funds towards wealth creation is tantamount to choosing not to go out to a destination because you are scared of having an accident.

Fear is a negative emotion and negative emotions conjure negative results. As Dr. Cara Barker puts it, “fear takes us off-course.” Whether it is in investing in the stock market or starting a new business, an action that is riddled with fear is on its way to failure.

If you want to be wealthy or make impact in this world of ours, you must be ready to make bold moves. A look at the processes of some of the greatest names of all time will reveal men and women who were not afraid to dream, to dare, and to change the status quo.

They chose a course of action and consistently pushed it to the very end with all the tenacity in the world. Wealth is not a function of what you have but who you are. A mind that is riddled with fear will constantly hold back and you will be unable to attain your full potential.

If there is one habit you should build this year, it is that of boldness. However, boldness does not come from just wanting to be bolder.

In fact, feigning boldness and taking blind leaps will have you crashing faster. To be able to make bold steps this year especially in the area of investing in the stock market, here are some prerequisites to bear in mind:

Spend Time Learning

Public speaking is one of the toughest things to do in the world. Yet, research has it that most of the issues of stage fright can be solved if the speaker has a very good understanding of his or her topic. This is the first prerequisite to being bold.

Before you can enter any action with boldness, you must have a very good idea of that thing. Before you can invest your funds into the stock market or any other kind of investment of your choice, you must understand it.

For this, you must spend time learning and developing yourself in any of those areas. Without this, you will not be able to move forward with boldness even if you wanted to.

Good Decisions And Calculated Risks

One easy way to crash your investment before you even start is by making bad decisions. From choosing the wrong stocks, investing in an area that is not within your circle of competence, to abruptly and hastily selling of your stocks, we are the cause of our challenges many times.

To circumvent this, your decision making process must be guided. On one hand, having a good understanding of what you’re doing will save you from making many bad decisions.

However, on the other hand, there are situations where you have to hedge your positions. Take risks but do not be too greedy to win everything.

Your risks should be calculated and you should put systems in place to limit your risks. Older articles will show you how to hedge your investments and different ways to control the effect of risk.

Have Faith!

Finally, have faith! Believe in the possibilities that are available to you. Even when losses occur, take them as lessons you will probably not have learnt otherwise and build up your faith to winning.

Stay positive and replace thoughts of failure with thoughts of winning. It is only when you win within that you will be able to win without. This is the only way to live well.

Written by Lawretta Egba.