How do you stop the gut wrenching feeling that you might lose all your money if you fuck up ever so slightly?

What does credit cards mean
Am euro and don't get good goy rewards if that's what you are referring to, actually pay 40€ / yr just to be able to rent a car with it

educate yourself more. that is how you build confidence. Once you understand money you will realize NOT investing is the real risk....

I meant funds for everyday expenses, as well as monthly/yearly

Just start slow and don't put all your eggs in one basket.

How do I learn this fuckery in a meticolous way?
Use a notepad to keep track of information deemed useful?

Of course will stay away from shilled webinars

My rationale to choose a media to watch is avoiding anything on the lines of
>X investments to have an additional cash flow
Nigga, investing is cutting off part of your cash flow to make it fruit more

these 2 channels have helped me a bit

Trading (not for everyone):
youtube.com/c/ukspreadbetting

Investing:
youtube.com/c/PhilTownRule1Investing

>gut wrenching feeling that you might lose all your money
>I've saved for a long time in a shitty savings account
I have some bad news for you. You've already been losing money due to money printing.

>I've saved for a long time in a shitty savings account and I'm now 30 years old and the thought of investing my money seems fucking terrifying. The thought of losing any of that money makes me fucking sick.

My first question is why trust your money with a bank? They get hacked all the fucking time and won't help you the moment you notice funds start disappearing.

I spent two years living at my parents house saving up everything I could eating the same sandwiches for lunch waging in a warehouse, put all that money into LINK. Now I just wait to become a millionaire, ez

Naw, I've been to 0 before and built myself back up just fine. Going broke doesnt scare me. The more you realize money is just a means to an end and less and end itself, the less you care about losing it temporarily.

this, just wait for a dip and dump all your money in to SPDR etf so you can at least grow with inflation

you're too attached to the money you've made. If you did lose 40% of your wealth in a drawdown you would be devastated because of how long it would take you to make it back up.
you should focus on increasing your income, not on how to invest it until you have at least 50-100 thousand dollars. With effort you can get a 10-20k payrise or position upgrade, which is magnitudes better than anything you can get on $50,000 in any investment.

to add to this, this guy is good for talking about stock investing & common fallacies to avoid
>youtube.com/channel/UCDXTQ8nWmx_EhZ2v-kp7QxA

I do have 60k dollars though

whats your income?

if you have 60k, finding a guaranteed 15% return on investment is impossible - you're looking at taking on a lot of risk for that which might not pay off.
However, increasing your income by 10k (15% of 60k) is comparatively easy, entirely within your control & much less risk.

the outcome of either is the same - 10k more at the end of the year.
finding that 15% return on investment for your 60k, as you've said makes you feel uneasy. thats fine, leave it in cash as a rainy day fund and focus on increasing your income.
Once you increase your income to a high enough level & save enough, investing a chunk of your savings will feel less daunting because its easy to make it back if you lose it all. you can now take on more risk and not worry

profit take

> savings account
Holy shit dude you’re already losing every single day. Fuck you’re dumb. Inflation is more than banks pay in interest. Here:

10% BTC
20% LINK
10% USDC in Celsius for 11% interest

50% S&P500 ETF
10% Bond ETF

^ just do that, never panic sell, DCA and rebalance. You’ll be a millionaire by 40.

no free lunch. when you invest, you're basically getting compensated for taking on risk. question is what's worse: keeping your money in a savings account with guaranteed .001% return and no chance of loss, or buying an investment with a much higher expected return and much higher chance of loss.

this is all assuming I have how much to begin with?
I have $518,732 dollars. When can I be a millionaire if I already have half?

if you go all in on GME you could be a millionarre tomorrow

Are you low test? I'm also 30

I went down 350k from my initial high of 750k in crypto this august. Now I'm back to 500k.

Number go up number go down. I need 4x from here, otherwise who cares?

Savings accounts are one of the few investments guaranteed to go to zero