F ew would dispute the fact that investors today are better informed as opposed to their counterparts from previous generations. The barrage of investment advice and information from various quarters is largely responsible for this phenomenon.
However, the prevalence of investment myths is something that hasn't changed over the years. And acting on a myth while getting invested, always has the same result -- an incorrect investment decision.
1. It's too early to plan for retirement If you are in your 20's and comfortably placed in terms of your career, retirement planning is unlikely to be high on your 'to do' list. Instead, buying a car, going on vacation to exotic locations and acquiring the latest gizmos are likely to have more appeal. Nothing wrong with that, but this shouldn't be at the cost of retirement planning.
Full Story: 5 investment myths debunked
However, the prevalence of investment myths is something that hasn't changed over the years. And acting on a myth while getting invested, always has the same result -- an incorrect investment decision.
1. It's too early to plan for retirement If you are in your 20's and comfortably placed in terms of your career, retirement planning is unlikely to be high on your 'to do' list. Instead, buying a car, going on vacation to exotic locations and acquiring the latest gizmos are likely to have more appeal. Nothing wrong with that, but this shouldn't be at the cost of retirement planning.
Full Story: 5 investment myths debunked
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