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Date Published : Monday, May 12, 2008
Just about everyone has fears. Whether it be death, spiders, commitment or losing to England in the Ashes, fear has become synonymous with negative events.
One of the biggest and most common fears is losing money and finding times tough.
However, according to a new report, embracing fears when investing your money could be the key to financial success.
The Australian Associated Press claims that both fear and greed have been the two biggest driving forces behind the growth in Australian investment markets over the last few years.
More people have become investors as a result of their fears of not having enough money to keep them going through their retirement years.
However, the fear has come back to haunt many investors over the last few months, as the global credit crunch has led to panic and a rush sale of investments.
The result has been that many people have lost between ten and 20 per cent of their superannuation funds over the last six months.
Despite this, those who have embraced the fear among investors and banks have been able to profit and profit well.
According to the news provider: "There have been plenty of bargain-priced shares in Australia this year.
"Blue-chip companies with long histories of profit growth dropped so low that in some cases their dividend payments alone were delivering a higher annual return than term deposit accounts."
The Australian Securities and Investments Commission recently announced that is on hand to help those in need of financial guidance with their investments.
For those willing to embrace the fear and panic, large gains could be made.
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