7 Personal Finance Myths Preventing You From Being Rich

Myth #7: “I Don’t Know Anything about Investing in the Stock Market”

You do not have to, actually! Not everyone has a knack for picking stocks or predicting market conditions. It does not, however, mean that you cannot invest in the stock market. According to financial advisers, the best investment option for the average person is an index fund. Index funds hold a large number of stocks, have very low operating expenses, and offer higher returns compared to most other investments. All you need to do is pick an index fund and keep investing a small sum of money every month without worrying about what is going on in the stock market. It is one of the surest ways to earn a steady return with limited risk.

Small-cap winners galore

The big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
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Smarter cryptocurrency investments

The stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.
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