August 26, 2014

5 Investing Myths

"The securities industry has figured out how to subconsciously trigger knee-jerk responses that encourage bad investor behavior. It does so largely by instilling fear and anxiety, and playing on the appeal of greed."  Daniel Solin explains "common investing myths that, if believed and acted upon, may prevent you from saving enough to retire."
1. You are in control.
2. Positive personal traits are indicative of investing skill. (think: Bernie Madoff)
3. “Investment pros” are skilled in “beating the market.”
4. Investment clubs are a source of sound investment advice.
5. Alternative investments are good choices. 
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