Understanding the world of finance is hard enough without having to trip over the wide variety of myths strewn along the way. Throw in the opaque concepts and vocabulary associated with the markets and you can see why so many people fear investing or simply avoid it altogether. With stakes being so high — your life’s savings, as often as not — having to sift through outright falsehoods can be incredibly frustrating. It can also lead to some costly investing mistakes.
That’s why it’s important to take arms against a sea of misinformation and start striking down those oft-repeated adages that have no basis in fact. That’s right, it’s time for some of those old cliches about investing to die a sudden and final death before they poison another generation of investors.
So, take a look at these 20 common investing myths!