When you’re first looking into the idea of investing your money, it can be tough to get started. A lot of people even just it as a dream that they’ll never be able to make a reality. This often comes down to the amount of bad information, terrible opinions, and flat out lies that seem to be floating around online. A lot of people involved in investment would rather keep it to themselves and try to make it as intimidating to newcomers as possible. The kinds of myths that get spread around end up turning off so many people because they assume it’ll be too difficult. To help you avoid that fate, here are three myths about investing that you need to stop believing.
It’s only for the rich
Now let’s get something out of the way first. Yes, to invest money, you have to actually have that money in the first place. That’s pretty obvious. But a lot of places would have you believe that you need obscene amounts of money even to get started making investments. This is simply not true. Transaction fees and minimum requirements on investment accounts encourage you to invest more money. But the days of brokers refusing to speak to anyone who wasn’t willing to make an investment in the thousands are over. Even if you’re on a modest salary, setting aside just 5 percent of your money each month can help you achieve some profitable investments. Whatever you have to invest, don’t worry, no amount is too small to get started.
The risks are too high
There are always risks involved in investments. But a lot of the time that risk comes down to you. The type of investment you choose can have a significant impact on the amount of risk you take on. Things like bonds are great if you’re worried and want to invest in something particularly low-risk. There are also services that help you to reduce your risk and invest more intelligently. Services like TripleNet Gateway can help you to stay more secure when investing in real estate. Don’t let anyone tell you to avoid investing altogether because of the risk. If you’re smart and careful, and you choose the right investment, you can keep the risks as low as possible.
It’s difficult to get started
When you first start hearing terms like bonds, stocks and dividends it can be easy to think it’s all too complicated to understand. But it has actually never been so easy to start investing your money as it is right now. You’ve never had so many options of what kind of investment account you want to open. By the same token, the amount of information online is simply staggering. There’s so much information that can help you no matter what level you that you could go from knowing nothing to being an expert in a flash. The best thing that you can do is to dive right in. Do some research, look up what types of investments would be right for you. Try and figure out exactly what you would be able to invest and what you want to invest in. If you’re smart, you’ll be able to get started in no time.