Discussing with friends, relatives, and associates whether to invest in the stock market is usually a mistake and a prescription for becoming even more confused. Everyone will provide opinions and commentary based upon their own personal experiences. Those that had good experiences investing in the market will sing its praises. That that lost their hard-earned money will graphically describe all its ugly features.
Since negative things tend to influence us more easily than positive things, by consulting friends and relatives, many potential investors abandon their plans to invest in the stock market. The few that don’t abandon their plans tend to be the people who are heedless, impatient, and risk-loving (or at least not very risk-averse). These individuals many times devise exactly the wrong type of plan for investing in the stock market.
By consulting friends and relatives, smart, sensible investors who could thrive are turned away. Foolish, impatient investors are led to their demise. Consulting friends and relatives usually leads to failure regardless of what decision is ultimately made.
If you are a smart, sensible investor, it is better to just understand you already have what it takes to succeed in the stock market. You just have to find a website that espouses the very same approach.
Search for the best stock research sites. Search for those sites that explain the basic principles and the investment process in clear, useful detail; provide reliable guidance on the best stocks to invest in now; and do not promise fabulous riches overnight.