Facing Your Investing Fears

Fac­ing Your Invest­ing Fears

April is Finan­cial Lit­er­a­cy Month! Home­stead Advis­ers is kick­ing off the month by encour­ag­ing you to face or over­come your invest­ing fears.

If cre­at­ing an invest­ment plan seems scary or out of reach, you may not be alone. Many Amer­i­cans under­stand that cre­at­ing an invest­ment account can help them attain their finan­cial goals but may be ner­vous or intim­i­dat­ed about get­ting start­ed. Below are some of the com­mon mis­con­cep­tions that we reg­u­lar­ly help peo­ple over­come.

• “I don’t have enough mon­ey to invest.”Small amounts can add up. With com­pound inter­est, invest­ing small amounts now can help reduce future sav­ings needs. Start with pay­roll con­tri­bu­tions.
• “Invest­ing is too com­pli­cat­ed.”Our Guid­ance Cen­ter sim­pli­fies invest­ing, mak­ing it easy to under­stand.
• “I don’t know how to get start­ed.”Use our online resources to build a finan­cial plan. Con­sis­tent con­tri­bu­tions are key to achiev­ing your finan­cial goals.

Finan­cial lit­er­a­cy isn’t about mak­ing per­fect decisions—it’s about mak­ing informed ones. Take advan­tage of the resources on our web­site to help build your knowl­edge. Your future self will thank you for the steps you take today.

Com­pound inter­est is inter­est that applies to the ini­tial prin­ci­pal of an invest­ment or loan and the accu­mu­lat­ed inter­est from pre­vi­ous peri­ods. Invest­ing involves risk, includ­ing the pos­si­ble loss of prin­ci­pal. Past per­for­mance does not guar­an­tee future results.

This finan­cial well­ness tip is pro­vid­ed by Home­stead Advis­ers, a finan­cial ser­vices com­pa­ny estab­lished over 30 years ago to help meet the invest­ment needs of com­mu­ni­ties with­in the Nation­al Rur­al Elec­tric Coop­er­a­tive (NRECA) fam­i­ly. Home­stead Advis­ers pro­vides a range of invest­ment advi­so­ry ser­vices, includ­ing finan­cial plan­ning, and also serves as the invest­ment advis­er for the Home­stead Funds, a fam­i­ly of reg­is­tered mutu­al funds. Home­stead Advis­ers Corp., a reg­is­tered invest­ment advis­er with the U.S. Secu­ri­ties and Exchange Com­mis­sion, is an indi­rect, whol­ly owned sub­sidiary of NRECA.