How would you react if I told you that for the next 2 hours, we were going to watch a documentary on Investing 101? I imagine that most of you wouldn’t be all that excited. In fact, some of you might already be clawing and scratching your way to the nearest exit to avoid the dreaded pain of it all. So why is this? What is it about investing that makes our eyes glaze over with boredom? I’d say that there are two main reasons.
Mainly, investing can be quite complex at times, which means that many of us simply don’t understand it, causing us to simply avoid it. The second reason is non-excitement. Many of us have 401(k) funds that might tick up once in a while, but for the most part they don’t seem to change all that dramatically from month to month. It just doesn’t provide us with any sort of excitement. But there are ways that you can make investing fun, which, in turn, can help you be a better investor!
See It As Early Retirement
Do you currently like where you work? If you’re anything like the average population, you would much rather be doing something other than working at your current job. Perhaps you’d rather be fishing or strolling the beach down south. Whatever your preference, if you decide to see your investments as a way to retire early and do whatever you want for the rest of your life, then they might suddenly become a little more interesting to you.
Many early retirees focus on building a huge investing nest egg, so that way, when the time comes, they can enjoy sitting on tropical beaches watching the sunset. That sounds pretty fun to me!
Plus, in many 401k plans, you get a company match – so look at that as FREE money!
Find Investments You Love
A big part of making investing fun is to invest and find companies you're interested in. Maybe you're an Apple diehard, or love going to Disneyland? You could make investing fun by researching and investing in these companies – Apple and Disney. This works especially well with children, who you can teach investing and how it works by sticking to companies they know. Plus, since investing in a stock is ownership, you let them become an owner in a company they love.
Talk About It
Talking about money is typically a no-no in group conversations, but I bet that you have some close friends that you wouldn’t mind chatting about investments with. What if, instead of keeping your investments a secret, you decided to talk about them openly with your friends? More than that, what if you decide to place a friendly wager among friends? Whoever earns the highest percent within their investments in the quarter doesn’t have to pay for the morning breakfast (or something along those lines). With little side wagers, not only do you have the excitement of early retirement, but you also develop an added incentive and competition among your friends. This will most certainly prompt you to learn a little bit more about the stock market – certainly more than if you were merely investing because you felt it was the responsible thing to do.
Want to me more anonymous about talking about it? Start a blog! There are a lot of bloggers out there who are sharing the ups and downs of their portfolios. For example, we've been a part of the Grow Your Dough Throwdown.
If you’d rather not talk about your investments with your friends, then at the very least, reward yourself for the good job you’re doing. If you’re working toward retirement, then you must have goals set up for yourself from year to year in order to retire the way you’d like. If you hit your goal, don’t be afraid to give yourself a little reward as a reminder of the good job you’ve done. Then, not only do you have something that you’ve always wanted, it also becomes a reminder of the successes you’ve had. And, if you keep up the good work, then you’ll most likely have successes in the future as well.
How else do you making investing fun?