Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discuss investing and how to overcome the anxiety and trepidation that come with it. We answer a question from a listener who wants to start investing but is unsure where to begin and had some fear in taking this next step. We emphasize the importance of education and understanding various investment options. This underscores the risk of inaction due to the gradual erosion of savings by inflation.
Additionally, it's important to understand one's comfort level and risk tolerance before making investment selections. In conclusion, we encourage listeners to start investing by studying the market and determining their own risk tolerance before making any decisions.
Take the first step towards financial growth and start your investment journey today. Educate yourself, assess your risk tolerance, and make informed decisions. Don't let fear hold you back; your financial future awaits!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
How to get over that fear and how to move forward
Importance of recognizing the need and asking questions as a good start
The power of knowledge
Take into account your tolerance to risk and comfort levels
Ensuring to pass the "sleep test"
About the benefits of compounding and the need to stick to a strategy
Pay attention to your investments, but don't become obsessed
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