a Common Investing Myths by Wesley Oler IV | Dec 7, 2022 | Investments, Wesley Oler IV
Anyone can achieve success in investing, but newcomers often need help figuring out where to start. To further complicate the issue, many myths surround the investing world. The majority of investors are regular people who don’t allow widespread misunderstandings to prevent them from getting started. Here are several misconceptions about investing.
You Need a Lot of Cash to Start It is believed that a significant sum of money is required to create any investment account. The truth is, many don’t demand a sizable initial outlay. Exchange-traded funds (ETFs) are an excellent example of starting small. These financial assets function similarly to mutual funds, except they can be purchased like stocks, one share at a time, which requires very little cash.