Ten Stock-Market Myths That Just Won't Die
07/27/2010 0 comments
Brett Arends wrote this piece of article on Wall Street Journal. Just simply hearing the sayings and acting is essentially being blind folded and led into a broker's cage. Do your homework, form your core principles (such as diversification, disciplined with a methodology or system) and always center around these core principles is the only way to stand firm and take care of yourself (isn't this true for every other aspect of life?).
Here are the ten myths
1 "This is a good time to invest in the stock market."
2 "Stocks on average make you about 10% a year."
3 "Our economists are forecasting..."
4 "Investing in the stock market lets you participate in the growth of the economy."
5 "If you want to earn higher returns, you have to take more risk."
6 "The market's really cheap right now. The P/E is only about 13."
7 "You can't time the market."
8 "We recommend a diversified portfolio of mutual funds."
9 "This is a stock picker's market."
10 "Stocks outperform over the long term."
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