Do you know these 9 common investing myths? Well in light of this being “Tax Day,” we thought we would share these with our boomer male friends to make you a better investor over the next tax season.
These 9 common investing myths come from Tony Robbins, famous motivational speaker who recently authored the book “Money: Master the Game – 7 Simple Steps to Financial Freedom.” Robbins interviews investment gurus who invest for the multi-millionaires and billionaires of the world. Your trusted blogger here read the book and I found it extremely informative. In fact, I was able to develop a game plan to help me catch up on retirement savings. But that’s a post for another day.
In this article from Business Insider, Robbins shatters these common myths and uncover the new rules of money. The kind of rules that when understood can help a boomer male become financially free.
Tony Robbins: 9 Common Investing Myths
…myths that misguide the masses, and, more importantly, uncover the new rules of money, the truths that will set you financially free.
-Tony Robbins, Author & Speaker
Understand these myths and find yourself on the road to financial freedom:
Myth 1: Invest with us — we’ll beat the market.
Myth 2: Our fees? They’re a small price to pay.
Myth 3: Our returns? What you see is what you get.
Myth 4: I’m your broker, and I’m here to help.
Myth 5: Your retirement is just a 401(k) away.
Myth 6: Target-date funds: just set it and forget it.
Myth 7: I hate annuities, and you should, too.
Myth 8: You gotta take huge risks to get big rewards.
Myth 9: The lies we tell ourselves.
You can find the complete article over at Business Insider, Tony Robbins Shatters The 9 Most Common Investing Myths. Let us know if you agree with what he’s saying.
