Are You Addicted to Investing?

Too much of anything is never good, even if it’s money. While investing and trading are activities that financial advisors recommend their clients, too much of it will not do anyone any good. It could hurt your wallet, your health, and your relationships.

 

You may just be an investment addict if you do more than one of the following.

Isolation

One sure sign of addiction is isolating yourself.  In the case of investments, you will intentionally drive people away from you, may it be friends or relatives, in order to keep investing. If the only thing in your mind is your investments then you might have a problem.

Time Flies

Have you been spending most of your time clicking away in your trading platform and abusing the sell and buy buttons? In the old days of trading, you had to go manually through a broker but the advent of technology has made it possible for traders anywhere and anytime to conduct online trading 24/7. It’s easy, cheap, and could be addicting. So if you are way too much time trading, then you might be an investment addict.

One Track Mind

Having nothing else but your investments on your mind can damage other parts of your daily life. An example of this is always keeping track of news and economic activities instead of spending the rest of your day relaxing and bonding with friends and family. If the only thing you can think of is investing, you might have to go see a professional.

Obsession to Profit

The main purpose of investing is to make money. While most of the time it is through smart trading strategies and timing, some people go at it by investing more. Their notion is that with more trades, there are more chances of profit. However, having more trades doesn’t only increase your chance, it also increases your risk. If you think that investing fast and many will get you more money, then you are wrong.

Being Secretive About It

People around you might confront you about it and instead of telling them about what keeps you busy, you hide it from them. A big sign of addiction to anything is being secretive about what you’re doing. If you are lying to your friends or family to get out of meetings and plans in exchange of trading, then it could mean that you’re already an investment addict.

You must remember that investing can easily be a gambling addiction because you are risking not only your funds but also your life. So be careful out there and always remember that everything must be taken in moderation.