When it comes to investing, anyone can be successful. But as a financial advisor, I often have people tell me they don’t know how to begin. Some even think they lack the ability to be successful investors.
The financial world can seem daunting at first. But in reality, you don’t need a degree in finance to be a confident investor. Most investors don’t have any special qualifications—they’re just regular people who didn’t let common misconceptions keep them from getting started.
I’d like to break down 5 of the most common myths about investing and offer a different perspective for each of them.
Investing myths:
- You need a lot of money to get started.
- The stock market is a game, and you need to pick “winners” to see results.
- You need to get in at the right time because the stock market is volatile.
- You need to keep up with financial news.
- You need a lot of time to research stocks and make frequent trades.