The investment myths are what we have traditionally believed to be appropriate methods for giving investment advice. When we talk to a stockbroker or financial advisor about investments we may ask them questions such as:
1) What stock or investments do you like? This is the 1st myth: stock selection.
2) Who is your favorite manager? This is the 2nd myth: Track record investing.
3) Where do you think the market’s going? This question speaks to the 3rd myth: market timing, or when to get in and out of the market.
4) The 4th myth is one that nobody really likes to talk about much, and that is the true costs of investing.
What we may not realize is that what we are really asking for is a prediction about how our investments will do in the future.
If this is what we are asking for in most forms of investment advice, doesn’t it make sense to find out if it actually works?
We are going to begin separating the myths from the truth by first dispelling some traditional investment myths. Then I will begin telling you the the true story of investing. And at the end of this presentation I will be offering you a huge opportunity to take action based on all of the discussions we have recently had.