common & untrue myths about investing

Common myths about investing debunked

○ You need a lot of money to begin investing

○ You can start with as little as you have

○ Compounding interest over 40 years can turn your small investment into thousands or more

○ You just need to be consistent in investing

○ You’re Too Young/Old to Start Investing

○ You can begin investing at any age

○ Yes, the sooner the better but even if you are older you can still invest

○ You need to get in at the right time so you can beat the market

○ No one can predict the market nor beat it

○ The stock market goes through ups and downs, invest with long-term returns in mind

○ Invest your money and allow compound interest to do the work

○ Investing is gambling

○ Not investing is a gamble

○ History has shown that although the stock market may go down, it has always gone up

○ Investing in Individual Stocks Is Best

○ Don't put all your eggs in one basket

○ Choosing only one stock to invest in, could leave you open to losing everything if the company goes under.

○ Saving is investing

○ Saving is not an investment strategy for a high return

○ Investing in the stock market can produce a return of 7-10% while savings rate at banks are around 0.05-1%