How to Sell Investing to a Skeptic

1. How to Sell Investing to a Skeptic While many people are attracted by the stock market and want to make their own investments, there are others who are skeptics. They believe that the stock market is only for the fool and they prefer to keep their money on their pockets rather than investing. The truth is that we all have some friends who feel this way about the market. No matter how much you say that you need to be on top of the latest financial news and that you do your own stock market research, they believe that if you are earning money now, it is just a matter of luck and that you will end up losing everything. So, how can you sell investments to a skeptic? #1: Have A Plan With Specific Goals: When you are selling investing to a skeptic, one of the best ways to do it is to explain to him that you have a plan and specific goals determined. By having a well-thought plan and making your decisions based on the plan that you set at the beginning, a skeptic will easily understand that you're not just lucky. You have an investing plan, you have pre-determined rules, and you are making rational decisions.

2. #2: Education Is Crucial: The truth is that stock market changes due to a lot of reasons. Most of them are related to stock market news on a specific stock, industry or even news related to the country or world economy. So, when you are selling investing to a skeptic, you need to show him that you are not only educated and know the basics as you keep educating yourself. The truth is that investing in the stock market requires work and this work is not only studying the stocks you are interested in buying. It also involves being aware of all the external factors that may influence the stock price behavior. #3: Understanding The Difference Between Rumors And News: One of the big mistakes most people do when they are investing is that they look at rumors as if they were real news. They keep making their own investment decisions based on these rumors and ultimately, they end up losing money. The

3. reality is that there is a huge difference between a rumor and news. After all, everyone can start a rumor. When you have difficulties in understanding the difference between the two, it is probably best to skip looking at the latest financial news. After all, some of these tend to be simply rumors. Ultimately, investing in the stock market is not for everyone. If you are trying to convince a skeptic about the stock market but you are dealing with a person who is averse to risk, he will never take the step and start investing. He won't leave his comfort area. Nevertheless, he will, hopefully, understand that investing is a lot more than a game and that it requires time, patience, discipline, and a lot of education.