Buy-Low-Sell-High: Getting over your fear.

This blog entry is rather simple. I want to keep it simple so you can remember it!

There is a big difference between a believer and practitioner of buy-low-sell-high when it comes to investing. The majority of us let our fear get a hold of us.

Fear immobilize our abilities to act, to make changes and to make the right decisions.

Think about watching a fund keeping going down to half of its price, could you still press that buy button?

Well, keep this in mind: Most people are wrong! Most people are not financially secure! So next time you feel fear, don't act like most people. You should be running instead of hiding.

Not convince? Take this "Let's Make a Deal" test (based on The Monty Hall Problem on probability and statistic) and see how fear of change affects your decision making skill. You can go on and read the explanation of the problem.

Still afraid? Next entry I will share my strategy to help me get over that fear.