What happens when you have a cavity? You go to the dentist.
What about if you have to file a legal document? A lawyer would be the best way to do it.
If a family member needs a heart condition? Well, I wouldn't want anyone else than a heart surgeon to look after my family.
You get the point, right?
When it comes to important aspects of our life, we most of the time look for specialists and professionals to do their job.
Right, with the power of technology, Google, and a few other tools now we are able to also do some of those things by ourselves. However, what shocks me is that I still hear again and again that many people continue taking LIFE DECISIONS based on your 'cousin's fried recommendation'.
This type of behavior creates a lot of uncertainty as many make painful money mistakes leading to some myths around investing. These are FIVE (there are dozens or hundreds more) that I often hear:

No, you don't. You just simply need to start your journey towards financial freedom. Start putting 10% away from your income to build an emergency fund. Once you get there, keep doing it into a long-term investment account and just keep going. In 12 months, you will be very pleased to see how those accounts grow an grow.

Like with any investments, there are good investments and others not so good. Real estate is an asset class that gets a lot of attention as it's a tangible one, it produces income, and many tend to grow in value.
However, not all properties grow at the same rate as there are many factors to consider in each investment such as rental yields, mortgage rates, occupancy rate, market stability, and many more.

I think this statement comes from people who approach investing as playing the lottery... Investing needs a strategy and a long-term approach. If you are planning on getting rich quick, then you better go to Macao. You'll have more fun there.

Family protection is something everyone should consider if they have financial dependents, there are estate taxes that should be paid at your death, you plan to have a family at some time, you have debts, or simply if there's a legacy you want to leave to someone else.

"Markets are too high now, I should wait." People who say this tend to be the same ones that believe that because there's a lot of uncertainty during volatile times, they rather wait until there's more stability. No one can control where the markets will go in a short period of time but you can control whether you take action or not.
These are just some of the most common myths I have heard over the last 4 years as a Wealth Manager.
If you want to download a Guide that explains the benefits of Long-Term investing, click on this link.
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