S3E114: How to Overcome the Fear of Losing Money When Investing

Welcome back to Rich Dads Stockcast. I'm your host, Del Denny, and today we're talking about something almost every investor has felt at some point, the fear of losing money. Maybe you've watched the market crash before. Maybe you've lost money on a bad investment, or maybe you work so hard to build your savings that the idea of putting any of it at risk makes you uncomfortable. And that's understandable. Nobody wants to lose money. But here's the problem. If fear keeps you from ever investing, there's a cost to that decision too. Inflation doesn't stop, time doesn't stop, and opportunities don't wait. So today, Rich Dad expert Andy Tanner is joining me to answer a really important question. How do you invest when you're afraid of losing money? We're going to talk about fear, risk, financial education, how experienced investors think about protecting their capital. And before we get into any of it, go over to StockCastBonus.com. Grab your free investing tools. If fear has been keeping you on the sidelines, financial education is one of the best places to start. Andy Tanner, welcome back, sir. Thank you for having me. This topic is solid, man. It is money. And I often, I don't know, I think every single person feels like they get imposter syndrome at some point, you know. And I've always struggled with that. I always frame myself as a student. You know, I never want to, you know, Warren Buffett's so much smarter than me, so I never want to act like I'm his equal because I'm far, far from his equal. But this particular topic, I'm going to talk about it. I'm going to talk about it. I feel 1,000% confident in him. If I have any specialties, I feel really grateful that, you know, I don't have a lot of talent. So when I find one that might be able to be applied, this is it. I've helped so many people get over the fear of this stuff. And I can just tell you right now, this is so easy. I have practical things, not just theories, practical things you can do. But if you're watching this because you Googled, you know, how do I get over the fear of investing, you're going to be in for a treat because I can absolutely help any person get a few rules that's going to eliminate that fear. I mean, not just reduce it, gone, like no fear of investing at all, gone over no worries at all. So that's something that I have 100% confidence in. So I thank you for the topic because, you know, my skill set's so darn narrow that if you give me a softball over the plate like this, we can hit it. All right, good. And those are some bold promises. So I'm looking forward to seeing this. Oh, easy. This is falling off a log. Yeah, this is easy. All right. Well, let's do this. Let's start with psychology. And this is one thing I love about you, Andy, is your knowledge of psychology and human nature. Why does losing money feel so much more powerful than the possibility of making money? Well, now don't put me in this rabbit hole because I love this rabbit hole. So one of probably the biggest hobby that I have outside of, you know, running the Cashflow Academy and teaching and, you know, I have a hobby of watching my kids play ball. But in my personal time, you know, on a Sunday where I just like, you know, want to be alone for a while, I study neuroscience. So I'm a neuroscience nerd. You know, I've taken a lot of courses, horses on it. I read it. I love, I have, I'm a fan, like Tally Sherratt, one of my, Tally Sherratt is like, she changed my life with her science. She's just got great science. So our bodies, I'm going to get wonky on you. It's your fault for asking this question. I'll get wonky on you. Our bodies are designed to survive. That is the most primal instinct. You know, survive long enough to reproduce. And that's natural selection and it's everywhere in the world, right? Well, to do that, you've got to have alarms that exist on levels that are below your consciousness. You know, for example, there are protective things where you will react either physically or emotionally, and we're overprotective, way overprotective. That's why they always say fear is false evidence appearing real because false positives you walk away from, you know, the other, you get eaten by a dinosaur or a lion or whatever as you evolve. So for example, if I touch a hot stove, that's called a spinal reflex arc, and it never even gets to the brain. There's proteins and receptor cells in my fingers. I touch the hot pan. It goes through an axon to neuron through, if you want to get wonky, through a dorsal root of the spinal cord. There it goes into an inner neuron where it goes up to your brain, which is slow, but it also synapses with another neuron that does a U-turn and goes out the ventral root. And it pulls my hand off like a Rube Goldberg device that had no thought. So it's like a mousetrap that just snaps automatically with no thought. Well, we have all kinds of alarms that are going off in our subconscious mind before we even reach this cognizance. You know, when you pull your hand off that pan, it's always in the past tense. You touch a stove, or I touched a pan, or I burnt my hand, and you kind of check for damage after the fact. That's how our neurology is set up. Eighty-six billion neurons with an average of 10,000 connections each. There's so many Rube Goldberg devices that those fears come up to protect you. That's why you startle and you look, oh, that's not a snake. It's the garden holes coiled up. Your thalamus saw a pattern that was very blunt and general, but man, it went right to the amygdala and said, "Fear, fear, fear." So from a neurological standpoint, the reason I study this and the reason I wonk out on it so much is the markets are fear. Greed is the fear of losing what could be, right, of a meal. The cheetah sees a little easy meal to eat and gets it. Or the fear of losing what you got to the hyenas that are going to steal it from you. And so those fears in the market are really important to understand, and that's why I studied neurology so much, is because thalamus and mellitus not only did the first option trade, he said, "Know yourself. Know thyself as a maxim." So if I know how the fear works and I know how that machinery works, I can overcome some of those fears. So you asked a wonk question and I gave you a wonky answer, but the neurology of it is really important because there are thoughtless, consciousness Rube Goldberg devices that take stimulus and environment, and they give us fear to overprotect ourselves. Because if it's just a rustling in the grass, and it's not a lion, and I'm worried about the rustling in the grass, I survive. But if I'm not worried about the rustling in the grass, the lion's going to get me eventually. So we have, it's pro, I don't know what the data is, it's probably a million to one false positives to stuff I really should worry about in our life. If you think about your life, most of the stuff you're afraid of, you didn't need to be afraid of, it was just your body overprotecting yourself. So that's probably more than we wanted on that, but we can get into some practical tools on that foundation, perhaps. Let's get wonky. Let's get weird. I love this already. You and I like it, the listeners might not. They're like, yeah, I'll let you guys be, we didn't want a neuroscience class, you know? Well, you know, funny enough, I probably say last week I was pondering the idea of why is it when I touch a hot pan, I immediately let go. It does it before cognitively I can do it. So to say it reverses right back, that's amazing. It doesn't even hit your brain. The decision isn't even made, it's not a decision. You know what a Rube Goldberg device is, where you, you know, hit a ball and it rolls down a ramp and it, you know, hits a wheel that gets going, then the water runs, then the balloon fills up and it pops. It's just this chain reaction Rube Goldberg device, that's what we had in school. Much of our neurology is thoughtless. It's not like when you have something hit your thalamus, you have your four or your five senses, your nose goes straight to the hippocampus, but your other, your other senses go to your thalamus and it's a filtering. It's not a caught, like even the science teachers teach it wrong. They say, well, the thalamus routes things and decides things. No, it doesn't. It's just wiring. Um, it's just pattern matching. Uh, it doesn't think it's just pattern matches. It's almost like you had a hail storm and five different greats that separate golf ball size hails in one bin and, you know, marble size hailstones and another, and the little one's another in the bottom hit. It's just a filtering that's thoughtless. It's machinery, not thinking. And so if we do, we have this idea that thought is a big part of what we have. Most of those neurons in our system are not cognitive. Uh, most of it exists below the level of our awareness. That's why we have these, I mean, you have these gut feelings from 500 million neurons in your gut system. You know, the gut brain, listen to your gut brain trust, but verify, trust it. If it said you get a gut feeling, it's sensing something, trust it, trust your gut, but verify, don't be scared of ghosts either. Anyway, good neurology. All right. So I, again, I, I, I think we could spend an hour or just on this topic, just that question right there. I should probably just do it offline so no one has to listen to our crap, you know. They want to learn how to make money. All right, all right. So going back to making money, because I'm like Pavlov's dog. I'm elevating talking about this. But going back to making money, what would you say separates people, you know, successful investors, the ones that have learned how to manage their fear from those who remain paralyzed by it? So first of all, let's just get practical, okay? Let me just go straight to some practical tools and, you know, get off all this wonky stuff. Okay, number one thing you can do, number one thing you can do to get over your fear of investing is to commit to a small position size. Number one, okay? So let's see how this lights you up. Let's say we find a stock for $25 a share. Okay, let's buy one. Let's buy one share. Now you got a $25 risk. You can reduce your fear by reducing the risk. The bigger fear at that point, I find that the thing that keeps people out of investing isn't the fear of losing $25 by experimenting with a trade to learn from. They're afraid of getting their heart broken. And once people become cognizant of that. Then they can get over it. In other words, you know, if I, you know, I remember a moment in my life that was probably the most important moment ever. I remember it like it's yesterday and I get emotional when I talk about it. The most important moment in my life by far was I went to a dance and I saw this redhead across the room. And she was smiling. And she was so beautiful, so freaking out of my league that I shrunk and I thought I just I just not going to answer to ask her dance because I was afraid of failure. I was afraid of the emotions. Now, logically, I don't have her now. I don't have her phone number now. So the worst thing I could be is I won't have her phone number later. Right. But the idea of getting your hopes up and the idea of having a dream that gets smashed. Is real. Really, really why it keeps people out of investing. It's not that you won't get her phone number. It's that you don't want to have the failure. And so it's the fear of failure, not the fear of loss. It's the fear of getting your hopes up. That is the big one. Right. If we reduce that down and thank heaven, I just said to hell with it. I'm going to ask her to dance. And man, when I think about how close I came to losing everything I hold dear, it scares the heck out of me. What? If I wouldn't have asked her, you know, who's going to nurse me through those years of cancer? Who's going to be with me when the business fails? Who's going to bring these beautiful children and be the best mom in the universe to my kids from that one shrink of fear, that one time that I was so afraid, man, I'm so glad. I don't know what happened or what in my neurology allowed me to, you know, go up as this big, tall, skinny dork and say, do you want to dance with me? You know? And, uh, I think about not. Making that decision and what I would have lost in that moment, most important moment in my life. So when you look at investing, really understand that, are you afraid of losing $25 in your first stock trade or option trade? Is that really going to help kill you? Or it's just that I don't want to believe I can get out of the rat race and have it not happen. I don't want to be disappointed. And our fear of disappointment is profound. So the first thing you get over your fear is they, okay, look. I'm going to define my risk with that fourth pillar, investing risk management. And I'm going to start off with a paper trade account where there's no risk. I'm going to try my hat. Okay. And you breathe a little bit. You say, well, I could make a paper trade in a fake account. I could practice this, right? Then you get this moment where you got to put real money in. How do you get over that fear when it goes from fake money to real money? Get a position size that is freaking minuscule. Get a position size. That's tiny. Right? Buy an option. Not for the sake of trying to make money with it right away. Just for the sake of buying an option. Say, I'm going to do it. And if you lose $25, you get a lesson that's worth far more than $25. Because you're like, oh, I'm still here. And you can learn why it went the way it went. Then you say, all right, what could we have done to limit that risk? So the first key is position sizing. If you start small and you go small, you'll have money in the market. And it's really important to do it. Here's why. When you have a kid on a high dive, should we get neurologically wonky again? You have a place called Broca's area and Vernacki's area in your brain. And they deal with the ability to speak and understand speech. But their connection to the amygdala is different because the amygdala doesn't understand speech. It's not the part, the fear part, the fear center doesn't understand English. It's got to be interpreted. That's why when you've got a kid on a high dive and you're begging and coaxing, you're going to be fine. You're going to be fine. The logic doesn't work. The amygdala doesn't understand logic. It just understands experience. So you get on the roller coaster and you grit your teeth. You get on the roller coaster and all of a sudden you're back in line again like that was freaking awesome. Or you jump off that high dive for the first time and you're like, I'm still here and that was exhilarating. I'm back in line again. And so. Having that first trade and that first investment, whether it, whether you make the money or lose the money, it doesn't matter because you're like your body will be like, okay, I survived. I'm still here. I'm still here. I, this wasn't painful at all. Okay. And I'm learning things. So first step, paper trade, second step, small investment. And then I can give you a, if you want to, after the break, I can really eliminate the fear. I could take all of it out, like gone all of it out. But those are the first two practice. The little bit, get familiar, right? Get that, get the, cause, cause the amygdala doesn't always know the difference between an imaginary fear and a real fear, right? They all feel the same as a fire alarm sounds the same. Whether there's a real fire there or not, it they're indistinguishable. A fire alarm sounds, it's irritating. It makes you want to exit the building, whether the fire is genuine or not. It has no effect on the alarms. That's how our bodies work. An alarm goes off. It just assumes the fire is real. Even if it's not, it feels real. So paper trade and practice start training that brain that, okay, well, I'm more comfortable. There's an automatic fear of the unknown, right? We are wired that if we don't know what's behind the door, we're cautious of it, right? If we don't know something we've, we've learned that the unknown is fearful, get educated, take the unknown and make it known. Practice a little bit when it's time to jump in little tiny trade. By a little, my first trade was 10 shares of stock. Uh, the first time the banana company went public back then, it was 16 bucks a share. The first time they went public and I bought 10 shares. So I risked $160, 160 bucks. You know, you blow more than that at dinner, uh, or something. So, you know, you take a risk, you had a bad meal, 160 bucks, no big deal. You take a risk, you buy Panera bread, 160 bucks, big deal. You'll actually make money on the trade, but you start small. And then when we get back from break, I know it's time to take a break. I'll show you the real thing that eliminates fear. I mean, it's gone. History gone, fear gone. Beautiful. All right. So let's take a break. Listener. Maybe the goal isn't to eliminate fear. Maybe the goal is to become educated enough that fear no longer makes your decisions for you. I can't wait to hear what Andy has to say. So when we come back, Andy is going to walk us through how investors actually control risk, protect their capital, begin investing. Without feeling like they're gambling with their future. And if you want to start building those skills, head over to stockcastbonus.com, grab your free investing resources, stick around, we'll be right back. So far, it's been great. I needed a source where I could really enrich my education through stocks. I didn't really have an avenue for it, and it's helped me a lot. The simplicity has really gotten me on the track to where I enjoy the learning as well as it's really solidifying in my mind. And like, they're not just trying to sell you something. They really care about the people that are in the course. And they really do care about you and your personal goals and what you want to do is to help you and your family and whatever your goals are in life through that. So it's really been great. Welcome back to Rich Dad's Stockcast. Andy, let's get practical. You tease us with the third thing that we can eliminate fear with. The floor is yours, my friend. The best one. I'm excited. So big promises were made earlier on. This is your moment. This is the best fear eliminator I've gotten. It's so good. It works so well. So what causes the fear to happen? Well, I'm going to suggest there's a couple things that you might think about. When I've been most afraid in my life, there's been a couple of constants there. So I'll give you an example. I remember one day I had an ache and a pain, an ache and a pain. I talk about this a lot. It doesn't bother. me. Uh, but I naked a pain, naked pain. I went to the doctor and I said, hey, I've got an ache and a pain, and he checked me out, and he says, hey, this could be this, it could be this, it could be this, it could be this, and it could be cancer. Could be. This could be a tumor, and I'm like, well, okay, and so he goes, well, let's get it checked out, and I go, so when? He goes, today. I'm going today? He goes, you're going to have an ultrasound, and if it's not looking good, we're going to have a whirlwind here, so I didn't tell my wife. I just went straight to the hospital, and they got me right in, and they're doing this ultrasound, and the tech is kind of looking. I'm looking at the monitor, and I'm like, I can see something there myself. It's just a lay person. I go, hey, what is this? He goes, oh, the radiologist. I tell you, no, man, come on. He goes, well, I'm not really supposed to diagnose. I go, you tell me what that is, and he goes, well, looks like a tumor to me. I got it out of him, so I was terrified, and I didn't act like it. I went home. First, I told my dad, and then I told my wife, and, you know, I acted like it was no big deal. Inside, I was terrified, and I was alone that way in that feeling and incompetent. I didn't know what to do. I didn't have knowledge, so think about that, alone and incompetent. If you try to invest alone and not knowing what you're doing, you're not going to get what you're doing. You're not going to get what you're doing. Why wouldn't you feel fear? If you're alone, and you feel you're doing this like in school, you know, it's your own test. You can't put your eyes on someone else's paper, right? But what if you got to sit next to the A student class, and what if instead of having to take that test in organic chemistry yourself, what if you said, this is going to be a team test, you and the A student get to do it, you and the PhD get to do it, you and the Nobel laureate get to do it. You get to take that test with a Nobel laureate that got, you know, the best organic chemistry award in the universe, and you're going to take a basic, basic organic chemistry test, but you get to collaborate together, and you take that test together. What do you got to worry about now? What just happened to your confidence level? Do you know how many options I've traded in my life? Do you know how many times I've clicked that button and bought stock, sold stock, bought an option, sold? Do you know how many times that I've done that? Do you think that gets my heart rate up like even a little bit, like at all? And so, I remember I went to the oncologist, Dr. Sauce, and it was just incredible because he says, you know, Andy, look, I know how this works. We caught this early, first of all. Don't worry. Look, sometimes I got to tell people, it's your affairs in order. You got three weeks, you got three months, whatever. He says, it's not you. This is, early. It's aggressive. We're going to treat it aggressively. I'm going to tell you what's going to happen. You're going to be sicker than you've ever been. We're going to give you some radiation, some treatments, and you are going to be sick, and we're going to have to have nausea medication. It's going to be awful. But when it's all over, you're going to be fine. And then he shook my hand. He took my hand and says, look, I've done it a thousand times. I know exactly how this works. I felt so much better. Wasn't looking forward to the treatments, but I knew it would have a beginning and end, just like a root canal or something like that. And I took that into my investing. So my wife and I read Rich Dad, Poor Dad, and we read it. And we just thought we were going to be real estate investors. We started looking for houses. We read it together. And she had a copy at night, and she'd read a paragraph, and I'd read a paragraph. We just went back and forth and read it aloud to each other. So we went out and thought, well, we're going to be real estate tycoons. You know, we're young, first married in the 90s. 90s. And we're going to be real estate tycoons. We looked at 100 houses, didn't buy one because we were afraid. Exactly what we're talking about in this podcast. We see a house and we're like, well, seems like a good price, but how do we know? And how do we know? It's summer now, but maybe in the winter, the roof leaks. How do we know? And what if the renters bake crystal meth in the basement? What do we do then? And we just didn't know. We didn't have any answers. We just knew we wanted to buy assets, but we didn't have the details. We didn't have that Mitt Romney 82 point checklist to go through, right? And I was kind of thinking, I didn't know Robert in those days, obviously. I was just a reader of the book. I thought, why didn't the guy put the address of the house in there? You know, tell me where to go buy. I'll buy it. And so Marcy said, maybe we're missing this. We should read it again. So I said, all right, we'll read again. And we look at the cover and we see this rich dad, poor dad on the cover. She goes, that's what we're missing. We got poor dads. We need a rich one. And our poor dads taught us, morality and work and ethic and honesty, but they didn't teach us money. So we needed someone to teach about money. So we changed our focus. Now, listen to this, Del. I hope everyone listened to this. To eliminate fear, to eliminate fear, we stopped looking for deals, stopped looking for a deal to buy. And we started looking for people that could help us. Total change. We read rich dad, poor dad. The first time we went out and started looking at deals. The second time read the cover, we started looking for people. So I'm going to say that again. We stopped looking for deals and we put our entire focus on people that could help us learn what we didn't know. So we wouldn't be alone and we would no longer be incompetent. So I'm looking around about two weeks later, I'm at a gathering. I run into this old friend of mine from kids, like when we were teenagers, you know, I was in my twenties at the time, but back when I was a teenager, 10 years ago, 12 years old, uh, 14 years old, I'd play basketball with this guy and hang on. How you doing? And he goes, I'm a real estate investor. Really? What do you do? I do this, that, and the other. It's not that interesting. I go, no, this is interesting. And I said, could I come to your office and just watch what you do? He's like, you're weird, dude. You know, no, no, no. I said, I'll give you $10,000 to help me learn how to do this. And he goes, you're really serious. I go, yeah, we're serious. So his name was Greg. And, and he, uh, said, all right, I'll walk you through my process. And we did it together. And that Wednesday we had our first house two days, Monday, we met with him on Wednesday. We had our first house that fast rent cashflow whole bit. And we basically just did it together with someone knew how to do it done. And once that deal was done and signed and sealed and delivered, it's like, this is amazing. And we had no fear. Because it didn't depend on us. It depended on the mentor. It depended on what he knew, not what I knew. And, and that's what I tell people. Look, you know, Corey Halliday is on our teaching team. And before he retired to be a teacher with us, you know, he does it because he loves it, but he was a series four option principal for wall street firm for many, many years. And the series four option principal, that's a really, that's the head. Risk management, head of risk management at a firm. So you got hundreds of people trading stocks and options professionally with massive complexity, hundreds of them. And his job is to manage the aggregate risk of that entire floor. And he's going to have a problem with guy like Andy. And so, you know, when I, when I want, even if I have a question now, and there are not as many in these days, but even though I have a question now, you know, I go to him, he's like, oh yeah, bang, bang, bang. And the fear is gone. So just, I'm trying to think about that analogy of an organic chemistry test. If you want to take it yourself, not knowing it and first time and really tough and trying to push electrons around. What if you had two or three Norbert laureates, you know, winners of the, the, the, you know, the organic chemistry contest, perfect A students, and you did it together, then what would happen to the fear? Fear comes in investing when you're alone and incompetent, when you don't know what you're doing and you're by yourself. So books are for people. They're interested in success. Mentors are people who committed to it. If you want to have success, get someone to take you by the hand, walk you through it. Someone who's done it a thousand times and the fear will go away. I mean, even me, if you, even if you don't know me very well, you know, what if, what if just picture you and me at your kitchen table and you said, Andy, I want to do my first option trade. I said, okay, I'll walk you through it. Let's do it together. There's nothing to be afraid of, right? We're going to do a small position size. And I'm going to show you how the risk is managed. And I'm going to show you, okay, if it goes up, this is going to happen. If it goes down, this is going to happen. If it goes sideways, this is going to happen. This is our action for all three. You okay with any of those three? And they'll say, yeah, I'm okay with any of those three. I go, all right, let's make the trade then. Because we can predict the future of three ways, up, down, or sideways. As long as we have a plan for all three, what do we care which one it does? Because it can only do one of those three, right? That's it. And so if we have a plan that is acceptable, for up, down, and sideways, then what do you got to worry about? But what you need is the person to walk you through that. And then you realize, oh man, this risk is managed. It's kind of like this. I'm going to put you in a big metal tube that weighs tons and tons of metal. I'm going to put you at 30,000 feet in the air. That sounds risky, unless you're a pilot. A pilot doesn't even get his heart rate up. He says, oh, this is a checklist we go through. This is going to be safe. It's the safest way to travel. And we don't have to worry about it. Those guys don't feel any panic when they take off in the air. It's just old hat for them. It's no big deal. that's my secret to getting rid of fear attach yourself to pete attach yourself to someone that's done it a thousand times knows how to do it and i i know for sure i've done it a thousand times i can walk people through their first you know covered call and have them at the end of it going i had nothing to worry about here like no you really didn't you know we're fine we got the base is covered you're gonna be fine you're gonna be fine what what a brilliant and simplistic way to look at overcoming fear it makes sense not just with the stock market but it's any asset public speaking basketball whatever it works every single time uh so andy the question is final question and and taking action i'm i'm someone that wants a better mentor i don't want to go at it alone where do i go how do i get a mentor well you can ask people who their mentors are and they'll tell you how to do it and they'll tell you how to do it and they'll tell you how to you can find someone in your circle that's done whatever you want to do you know whether it's a cooking class or you know whatever it is you want to get better at if you say well i don't have any mentors with stocks i'm sitting right here uh i've got great staff so go to stockcastbonus.com don't jump in with both feet just try it out it's free take a uh you know we got a webinar there you kind of go deeper into this we got downloadable ebooks we got tools for free so just drop by stockcastbonus.com and get to know us and and see if you feel uh if you just feel a little better putting your hand in ours and it's just well you know someone needs to say hey andy would you walk me through it would you you know take me by the hand walk me through this process a few times you know we have a we have a coaching program that's really fun where we do everything in a paper account so it's all virtual there's no risk to it it's just paper account but we do click and get paid the first session the first session every single person we we have them set up their paper account first right everything's set up we have a video on how to do it and they show up to class ready to go with their hand on their little mouse you know or their their trackpad we say all right we're gonna and we go through we find it here okay now we have it here and click this button bang and we do click and get paid the very first session where people walk out of the session like i just clicked the mouse and got paid instantly on a risk more than acceptable and manageable this could be a life change i'm like yeah it really could be so there's things to learn there's risk to manage i'm not saying it's this risk-free deal i'm just saying these are manageable because people that are professionals manage it all the time and so that's the three things educate and practice start small position do it with someone that's done it a thousand times fear goes away thanks go to stockcastbonus.com let's get going let's get going i love that listen there's no investment that comes with zero risk but there's a huge difference between taking a risk you understand and gambling on something that you don't great investors don't become successful because they're fearless they become successful because they learn how to identify risk measure it manage it and make intelligent decisions despite it and that's really what financial education gives you if you're ready to become more confident in the stock market and learn how to manage risk instead of simply just avoiding it head over to stockcastbonus.com and find free investing tools and resources from andy to help get you started and if you've got value from today's episode like comment tell us something in the comments that you took away subscribe leave us a review and share this episode with someone who's been afraid to start investing because they're worried about losing money thanks for listening to rich dad stockcast i'm del denny stay smart stay invested we'll see you next time thanks del this podcast is a presentation of rich dad media network