Investing can still feel risky and sometimes even suspicious to many people, especially because there are so many myths about it. Some people think it's a waste of money because they don't understand how investments work. But investments can actually be a way to make money, if you make the right decisions. Let's look at some of the most common myths about investments and see what's true.
Myth 1: Investing is complicated
Investing and financial terms might seem complicated, as if they're a language only financial experts understand. But actually, these terms just describe everyday events and actions we all face. The good news is that there are lots of resources out there to help you understand these terms. If you learn the basic ideas and study the field, you can start investing.
Myth 2: Investing is a get-rich-quick scheme
Let's be clear: there's no easy way to get rich. People who say there is a quick way to get rich are probably trying to scam you. A legitimate investment takes time and requires patience. It is based on realistic goals. Don't let short-term market ups and downs influence your decisions. Focus on your long-term financial goals instead. This is the best way to make sure you get the results you want.
Myth 3: You need a lot of money to start investing
Many people think you need a lot of money to start investing, but this isn't true. Of course, it's better to invest more money to get higher returns, but you can still get started with a smaller amount of money. Many investment platforms allow you to start with as little as a few hundred pounds and gradually increase your investment over time.
Myth 4: Investing is too risky
Another misleading myth: "Investments are always risky." Many people think this way, but in reality, risks don't mean you should avoid investments altogether. How you approach investing is what matters. The key is to choose the right strategy and a reliable investment company. It's important to remember that investments come with different levels of risk. So, if you're just starting out, you might want to stick with lower-risk options like reserve funds.
Myth 5: The investor loses everything when the market crashes
Some people believe that in the event of a market downturn, they will lose their entire investment. This is a myth because there are various ways to protect investments during market fluctuations. One of those ways is portfolio diversification.
If you want to start an investment career and need expert advice, you can consult experienced advisors at Unibank Invest.
If you want to start an investment career and need expert advice, you can consult experienced advisors at Unibank Invest.
For smart investments open a free brokerage account with Unibank Invest and start investing. The Unibank Invest app provides access to the world’s largest stock exchanges, enabling you to purchase international investment instruments, such as stocks, bonds, and ETFs.
To open a brokerage account, fill out the online application or call +374 43 004 382.
To open a brokerage account, fill out the online application or call +374 43 004 382.
Conclusion
Investing can be a good way to make money, but there are a lot of wrong ideas about it, especially
for people who are just starting out. The truth is, investing is easier when you understand how it
works. You just need to be patient and have the right strategy, and make sure you have the right
knowledge. If you want to be successful and build a strong portfolio, it is important to choose the
right tools and methods that match your investment goals.
for people who are just starting out. The truth is, investing is easier when you understand how it
works. You just need to be patient and have the right strategy, and make sure you have the right
knowledge. If you want to be successful and build a strong portfolio, it is important to choose the
right tools and methods that match your investment goals.