Investment Myths that Hold People Back
When it comes to family-owned investment banking, most people tend to worry about getting started. While the idea of making an investment may seem to be daunting, an experienced financial advisor can help you do everything right. Unfortunately, countless individuals and families decide not to make any investments because of the myths that have managed to grow up around investing.
Biggest Investment Myths that Hold People
MYTH 1: “Unless you’ve got a lot of money, you can’t get started.”
When it comes to investing, having a lot of money was never a requirement to get started. Thanks to brokers who rolled out user-friendly apps and programs, anyone can start investing with pocket change. It doesn’t matter if you only have a little amount available for investing because you can always find a specific app that can help you move forward.
MYTH 2: “Your only option is stocks.”
In most cases, the first thing that comes to mind whenever people think about investing is the stock market. Although most investors focus on stocks, you’ll do well with a little diversity. You may want to allocate up to around 20% of your portfolio to other types of investments that include real estate, bonds, currencies, and commodities.
MYTH 3: “It’s impossible to get through the stock market’s mobility.”
Although stock market volatility can take place day-to-day or year-to-year, you can expect the trend line to smooth out in an upward direction over time. Setting long-term plans allow you to get through the stock market’s volatile periods and come out on top. Instead of worrying about the market every day, make long-term investments.
MYTH 4: “Investments will require too much of your time.”
Trying to get the right stock at the right time will require any investor to spend a lot of time adjusting stock screeners. Thankfully, with index investing, you won’t have to consume much of your time looking for the right fit and building a portfolio that’s based on your risk tolerance and long-term goals.
Learn More About Family Owned Investment Banking!
At 1879 Advisors, you can expect us to help you establish and meet your financial goals, provide you with insightful advice, and manage your money on your behalf. Contact us today to schedule your appointment.