"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.
Get the details at: http://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2014/08/25/5-investing-myths-may-stop-you-from-retiring-on-time
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