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Fear of investing in stocks and shares
My Dad and the advisor convinced me to invest my life savings into a high tech, high growth managed fund inside an ISA.
Within months the dot com bubble burst and my life savings went from £7,000 to £1,200. I lost 83% of my life's savings. By 2005 it had recovered to £1,400 and I sold it all off to go and volunteer in Costa Rica.
This one incident scared me off investing for 15 years.
Now, 21 years after that first bad investment, 79% of my net-worth is in stocks and shares and once we sell off our investment properties that number will rise to 95%. What changed? How did I go from petrified of investing, saying I would NEVER invest in stocks and shares again to being the biggest advocate for them?
This article is designed to help you have more confidence when starting to invest.