So, the third reason why most people that I hang with tell me they don't invest because it's too risky. Investing in the market is anything but risky when you know what you're doing.
How do you eliminate the risk that could come with investing in the Toronto Stock Exchange? You don't get greedy. You buy big companies. Let me give a couple examples:
January 2007 January 2010 Percentage Gain
Potash Corp of Sask $51.47 $115.07 124%
Agrium $36.08 $65.81 82%
Research in Motion $52.50 $67.47 29%
Big companies come with very little risk. They make too much money to worry about them going from the top to the bottom overnight. So, get over it. Bite your fear, unless you want to look back on numbers like these and cringe at opportunity lost.
Compare that to the gain or loss of your financial portfolio to see where the true risk lies!
Have a great weekend!
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