Thread by @AnandableAnand

Most people have their 80-90% net worth tied up in real estate/gold or in their job

but they are overly worried about stock market

Because trading/investing addresses universal human instinct of gambling

identify and address that

Its a two part problem

+

Part 1:

If u are overly worried about a tiny part of your net worth, open positions or losses, its because of ego and gambling instincts,

you dont want to come out as a loser in any endeavour,

Thats why many losers pray and promise that once they recover the losses they will quit trading

A constant verbal and written reminder and talking to someone close to u like parents/spouses about it is the only way out

Part 2:

You can create great wealth only thru equity, either stock market/trading/investing or your own business

Not thru job, so you have to allocate a large portion of net worth to equity and related high risk endeavour

If you know nothing, then start with Index fund SIP

But this realization is important that you are going all in for equity and you will not be affected by the crash

this also requires constant reminders to self and talking to people you love

Most of the people miss on both the parts, thats why they are always worried and anxious about gap down and melt downs and make no wealth even 1-2 decades later