Set Yourself Free From These 10 Investing Myths!
hi guys i want to share with you 10 myths
first belief why people do not invest
in the stock market myth number one
stock market is very risky it always goes up
and down up and down yes it is true it is very
risky if you do not know how to it’s kind of like
driving a car without a car license isn’t it that
risky then dangerous yes it is so it applies to
the same like stock market if you do not know
how to invest if you do not have the right mindset
and the right strategy it will be dangerous but if
you have the right mindset and strategy it is not
risky and it gives very good returns myth number
two if the stock market crashes i lose everything
overnight well this kind of thinking comes from
movies usually we see that this guy becomes
bankrupt overnight when the stock market crashes
it’s not going to crash overnight when the stock
market goes down by 10 it is called correction
and when the stock market goes down by 20 it is
called a recession it will not crash overnight
don’t worry myth number three investing requires
a lot of money and i do not have the money or i
can’t afford it right now is it really true for
example one episode requires how much it’s only
120 dollars now for one apple stock and if you
buy 10 apple stocks and it costs you 1200 and it’s
even less than buying an iphone the latest iphone
so there’s no excuse it’s not really a matter of
whether you can afford it right now or not it is
a matter whether you have the confidence and you
believed in the stock market and you believe that
you’re doing the right thing before i continue
i appreciate an early thumbs up as it helps to
share to more people thank you myth number four
the buy low and sell high concept now there’s
nothing wrong with this concept in fact it
is a very good theory how to buy low at the
lowest i want to sell high at highest that is
when you make the profit true correct but many
people people with this mindset this mentality
they tend to say they are trying to imply that
i know when is the lowest to enter and know when
is the highest to sell the problem is in this
world nobody knows exactly when is the lowest
and highest to enter the market even the best the
greatest guru himself warren buffett he does not
know so what do these people do you just wait
and wait and wait and wait and wait and wait
basically no action been taken and true enough
if the moment really comes when the market is
really low the economy is also in a very
bad shape would they would they actually
invest likely not because they are inexperienced
they’ll be freaked out it’s kind of like i got
a car license but i didn’t drive for 10 years
and now i have to enter into a car competition
that’s very scary it’s the same i got a trading
account but i didn’t trade at all for the past
10 years but now when the market is really low
it’s time for me to enter in will i really enter
the economy is really bad
likely not myth number five
work hard and save up to become rich nothing wrong
with that we all have 24 hours a day 7 days a week
and 365 days a year the problem is not about
working harder working for longer hours the real
problem is that our money is not working hard
for us it just sits there and the bank relax
and chew getting to know how to invest is one of
the simplest way to become wealthy not just rich
myth number six i don’t know about investing
so it is better to leave it to the hands
of the expert to handle it they are the
best right you see when i was in my 20s
i also talked likewise i don’t know
about investment i believed in investing
i believed in investment so naturally
i also lift my money and put my money
to the expert so-called expert and guess what
after a few years i lost twenty thousand dollars
then i realized this fact that nobody cares about
your money more than yourself statistically it
has shown that 96 of the funds manager cannot
beat the market cannot beat the index funds
so i begin to learn how to invest myth number
seven i wish i can be wealthy someday somehow i do
not know how but i believe i will but i’m not the
risk taker type you see every day we are taking
some form of wrist even the moment we step out of
the house how we know that a flower pot will not
drop from the sky and crash our head when we cross
the road how we know that if there is no not some
reckless driver coming towards our direction what
it really means is that i’m not willing to learn
i’m not willing to put in the extra effort to
pick up new skills to get to know how to invest
wishful thinking is not going to be a reality if
you are not going to take any action when you take
real action reality can come and you are one
step closer to your dreams if number eight
stock market is like going to casino
to gamble definitely a no no no
gambling is based on love and probability either
you win or lose you do not own any assets when
you invest in a stock you are owning a piece of a
share in the company you are owning you’re owning
an asset you become the shareholder of the company
can you gamble in the stock market yes you can
when you do speculative trading which i do
not recommend coming to myth number nine
stock market is for the smart ones like the
brokers it is too complex for me to understand
this is another convenient way of saying that
i’m not willing to try i’m not willing to
learn how to get the skill set if you
know how to put your money in the bank
it is the same like going to the stocks and buyers
stocks index funds are the savers and gives a far
more better returns than your money in the bank
it has survived all the major events like the wall
walls the great depression and the recession
we are coming to the last myth myth number 10
stock market is already so high know how to
invest how to go in like that i’m too late
know this high can always be higher the
index fund is always going from high to
the higher but stock market is not always going
a straight line up it goes up down up down and up
down even if you cannot time the market when
is the highest and lowest in the short term
but you know for the fact that over a long term
period of time the index the stock market is going
to go up just look at the historical chart
and it will show you ultimately my friends
it is our own belief system that limits our own
potential limits our own success and sabotage it
it is definitely not your circumstances it
is definitely not your financial situation
it is definitely not your background where
you come from it is our own belief system
change your belief system and you change your
life are you willing and do you really believe
and willing to take whatever it takes
to make it a success if you like this
video do hit the like button i appreciate so
much finally my friends stay safe and invest well