TRANSCRIPT:

Hi Greg Vojtanek here of Fade In Financial. A lot of people assume that investing is difficult, and it can be certainly. Especially with things like PE ratios, and dividends, and earnings, and projections, and all sorts of stuff.

But what I have found, and what I have seen, as the most difficult part of investing is the mental game. Yeah the mental game. Not all the numbers. Two different ways how the mental game kind of is experienced in investing.

On it’s way up. So things are going really well for you. The mental game is You’re a genius. You’re the greatest stock picker in the world. You’re the greatest investor in the world. This is actually kind of easy. I don’t need any help. Everything’s fine. It’s going to continue this way.

As well as, uh-oh things are at an all-time high. Things are going so well. It’s at an all-time high. It can only come crashing down from here. So those are a couple of the mental games, mental hurdles, that we have to overcome in investing.

And then on it’s way down. So, when the stock market, not if, things go south. It’s very easy for us to panic, and to panic-sell. You start thinking “every time I put a dollar into the market it just disappears. I’d be much better off if I had just kept my money in a checking account. At least I’d still have it.”

Or, and I believe this is a John Templeton quote. A very dangerous quote to say to yourself, and we’ve all done it, is “This time it’s different. This has never happened before, therefore things will never recover the way they have in the past because this hasn’t happened and this time it’s different.”

So if we can overcome these mental hurdles in investing, you’re already ahead of the game. That’s really, honestly the most difficult part of investing in my opinion.

So I hope you found this helpful. I know I didn’t discuss ways to try to overcome some of these mental blocks. Maybe that’s another video. But as always, do what’s right for you because you’re situation is different than everyone else’s. Thanks again for watching.