QUICK TIP: When investing becomes an addiction

Thursday, April 25, 2019
QUICK TIP: When investing becomes an addiction
As stocks and IPOs make big news -- and big money -- it can be tempting to get into the investing game. But like gambling, investing can be addictive. Here's how to look out for some early warning signs of investing addiction.

SAN FRANCISCO (KGO) -- Are you an investor - or a gambler? Michael Finney has another 7 on Your Side Quick Tip for you!

With so many people in the Bay Area making so much money off the stock market, it's easy to want to get involved - but get involved too much. With all those IPOs - Initial Public Offerings - making so many people rich, people tend to get into the stock market... and want to get rich, too. But that can lead to an investing addiction, much like a gambling addiction. Some stats say as many as 15% of investors actually have an addiction. So ask yourself a couple of questions: have I ever hidden how much I invest from someone? Do I spend too much time online, thinking about and looking up investments? If the answer to those two questions is yes, think hard - you may have an investing problem.

Take a look at more stories and videos by Michael Finney and 7 On Your Side.