Individuals often believe the exact opposite of what it really takes to be a successful investor
Wall Street wants investors to believe it is built on a client-service model, when in fact it is built on a product-distribution model.
The principles of investment success are very easy to comprehend but very difficult to adhere to as almost all investors “blink” in times of turmoil.
The stock market has never lost money for anyone. But millions of people have lost money in the stock market.
Sound like double-speak to you? It’s not. The fact is that if your holding period is long enough and your investment strategy prudent enough, you can overcome even the most extreme market volatility and bide your time while the stock market works to make you wealthy.
To accomplish this, however, you must confront and overcome a collection of common myths that seem quite logical but are, in fact, the perfect blueprints for investment failure. Most investors follow those blueprints to their financial demise.
The 12 Investment Myths shows you how to avoid being one of them.
In the short term, chaos and confusion often seem to reign supreme in the stock market. Most investors find this daily rollercoaster ride to be overwhelming and exhausting and allow their emotions to lead them in and out of the market like a bull by a nose ring.
Buy high. Sell low. Lather, rinse, repeat…
But there is another side to the stock market – the side that generates tremendous wealth over time for any investor who has the fortitude to invest intelligently and stay the course. Alas, it is a side that few investors ever experience.
Why is this so?
The reason is simple: Led by Wall Street and the media, investors have come to embrace a collection of widely held, completely mistaken beliefs about investing. At first glance these investment myths seem quite logical, and that is what makes them so dangerous. After all, who wouldn’t think that to be a successful investor you’ve got to:
— Focus on performance? (Myth!)
— Invest in good companies? (Myth!)
— Take action when the market goes into a swoon? (Myth!)
If these notions sound completely reasonable to you, then read on and learn how to identify and avoid the “common nonsense” that causes so many investors to fail!
Wall Street wants investors to believe it is built on a client-service model, when in fact it is built on a product-distribution model.
The principles of investment success are very easy to comprehend but very difficult to adhere to as almost all investors “blink” in times of turmoil.
The stock market has never lost money for anyone. But millions of people have lost money in the stock market.
Sound like double-speak to you? It’s not. The fact is that if your holding period is long enough and your investment strategy prudent enough, you can overcome even the most extreme market volatility and bide your time while the stock market works to make you wealthy.
To accomplish this, however, you must confront and overcome a collection of common myths that seem quite logical but are, in fact, the perfect blueprints for investment failure. Most investors follow those blueprints to their financial demise.
The 12 Investment Myths shows you how to avoid being one of them.
In the short term, chaos and confusion often seem to reign supreme in the stock market. Most investors find this daily rollercoaster ride to be overwhelming and exhausting and allow their emotions to lead them in and out of the market like a bull by a nose ring.
Buy high. Sell low. Lather, rinse, repeat…
But there is another side to the stock market – the side that generates tremendous wealth over time for any investor who has the fortitude to invest intelligently and stay the course. Alas, it is a side that few investors ever experience.
Why is this so?
The reason is simple: Led by Wall Street and the media, investors have come to embrace a collection of widely held, completely mistaken beliefs about investing. At first glance these investment myths seem quite logical, and that is what makes them so dangerous. After all, who wouldn’t think that to be a successful investor you’ve got to:
— Focus on performance? (Myth!)
— Invest in good companies? (Myth!)
— Take action when the market goes into a swoon? (Myth!)
If these notions sound completely reasonable to you, then read on and learn how to identify and avoid the “common nonsense” that causes so many investors to fail!
