{"id":9446,"date":"2023-06-30T17:00:00","date_gmt":"2023-06-30T09:00:00","guid":{"rendered":"http:\/\/www.imoney.my\/articles\/?p=9446"},"modified":"2023-06-30T17:18:15","modified_gmt":"2023-06-30T09:18:15","slug":"5-investment-myths-busted","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/5-investment-myths-busted","title":{"rendered":"Debunk These Investment Myths That Can Sink Your Portfolio"},"content":{"rendered":"

Buying and selling company stocks and shares may seem like an easy way to get rich quick but jumping on the bandwagon just because your neighbour made some serious cash can spell T-R-O-U-B-L-E.<\/p>\n

Though it can potentially yield great returns you should only jump in armed with the right knowledge.<\/p>\n

Consider these before putting your hard-earned cash onto some excitable shares just because your best friend\u2019s cousin\u2019s wife\u2019s brother made some quick cash off of it.<\/p>\n

<\/span>1. If it worked once, it\u2019ll work again<\/strong><\/span><\/h2>\n

Lightning doesn\u2019t strike in the same spot twice when it comes to investing in shares. There are too many factors, including current economic volatility, social upheaval and political instability that may have affected the performance of shares you made cash on previously.<\/p>\n

If a developed country like the US can run afoul with mortgage issues as well as house some of the biggest investment frauds (Ponzi scheme anyone?) in its history, we should realise that we too are vulnerable to uncertain economic cycles that can derail our investments.<\/p>\n

Remember, history helps us form the groundwork for the future. It doesn\u2019t repeat.<\/p>\n

<\/span>2. Accreditation means the stocks are good<\/strong><\/span><\/h2>\n

A company\u2019s shares that earns a five-star rating is as good as a movie getting rave reviews from critics then later flops at the box office.<\/p>\n

A good rating does not mean the performance would endure and grow. Buying a top-performing fund just based on accredited reviews alone is not enough. You still need to do the groundwork to know what you are getting into first.<\/p>\n

It is acceptable to invest in an actively sought-after and praised company, but buying shares based on the money it made for other people last year may not yield similar results this year.<\/p>\n

<\/span>3. Gold and bonds are safer bets compared to other stocks\u00a0<\/strong><\/span><\/h2>\n

Investing in gold as a hedge against volatility has been the sales call of the jewelers to lure us into parting with our money in exchange for some gold. Similar to gold, bonds are also another \u201cslow but steady\u201d investment that have attracted many to invest in.<\/p>\n

Read More: What Affects The Price Of Gold?<\/strong><\/a><\/p>\n

However, for some, these money makers are often seen as the \u201cless attractive\u201d parts of an investment portfolio.<\/p>\n

There are high-yield bonds that are safe to take on, but they are also victim of contemporary socio-political repercussions like we often seen happen in the Middle East. As safe as they seem to be, they are not completely immune to external damaging factors.<\/p>\n

<\/span>4. You need a finance degree or specialist skills to invest in shares<\/strong><\/span><\/h2>\n

You don\u2019t. The most common adage newbies get from investment gurus is, \u201cdo your homework before investing in anything\u201d. As in most cases, experience and knowledge (not just luck) count in investment.<\/p>\n

To fatten your knowledge bank, you need to constantly keep yourself updated with news that may affect the market.<\/p>\n

Warren Buffett once said, \u201cYou don’t need to be a rocket scientist. Investing is not a game where the guy with 160 IQ beats the guy with 130 IQ.\u201d And we agree with Buffett, you need to be informed but you don\u2019t need to have specific qualifications for it.<\/p>\n

<\/span>5. Share investment requires a lot of cash<\/strong><\/span><\/h2>\n

You may have heard about folks who have pawned their valuables and immediately had access to a fistful of currency to invest in. But does investing in stocks really require enough bags of cash to be carried by ten trucks?<\/p>\n

Not necessarily, you can start your investment in shares with as low as RM100o or even RM100.<\/p>\n

Read More:<\/strong>
\nRM1,000 Investment Guide: Where Do You Invest?<\/a><\/strong>
\nWhat Is Micro-Investing, And How You Can Start In Malaysia<\/a><\/strong><\/p>\n

In short, it may not be much, but it is enough to \u201ctest the water\u201d to see if it\u2019s really your cup of tea.<\/p>\n

We call these myths busted. So go ahead and pull that investment trigger. You really just need to have enough knowledge and information to back you up, you\u2019ll be equipped to make wise financial decisions that might make you (or at least save you) a lot of money.<\/p>\n

When it comes to coffee-table wisdom, leave it on the table; as when you make the potential bank-account altering call, you are, indeed, alone.<\/p>\n

Looking to start investing? Check out our online investment options here<\/a>.<\/div><\/div>\n
This article was first published in April 2014 and has been updated for freshness, accuracy and comprehensiveness.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

Investing in shares can potentially rake in a lot of money, or cause you to lose them. Don\u2019t trust all the myths out there. <\/p>\n","protected":false},"author":1,"featured_media":56783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[263,1,267,230],"tags":[219,660],"class_list":["post-9446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf","category-investment","category-share-trading","category-unit-trust","tag-bi","tag-investment"],"acf":[],"yoast_head":"\nInvestment Myths That Can Sink Your Portfolio<\/title>\n<meta name=\"description\" content=\"Investing in shares can potentially rake in a lot of money, or cause you to lose them all. 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