Buying Stocks: Investing Myths and Facts

Asia's Tech News Daily

We always hear or read about how important it is to invest . What’s more, even financial experts tell us that saving is useless if you don’t plan to invest some of it to grow your capital.

Little Capitalist Pig

Depositphotos.com

However, there are thousands of investment myths. In this regard, Silvia Singer, general director of the Interactive Museum of Economics ( MIDE ) moderated a panel of experts with Sofía Macías, author of Little Capitalist Pig ; the specialist Regina Reyes Heroles, author of the book Live like a queen and spend like a commoner , and Juan Luis Ordaz, director of Financial Education at Citibanamex, during the MoneyFest 2021 financial festival.

Little Capitalist Pig




Image: MoneyFest 2021

  • To know more: How to invest in the Stock Market? Basic guide and tips

What are the myths that exist in investments?

“If we save little, we invest less. And when we do, it is under many preconceptions that do not help us make good decisions, “said the director of MIDE.

These are some of the myths that exist about investing that can stop us:

1. “It is very dangerous to invest”

An investment is what with certain certainty will give you your money back plus a return. Anything outside of this definition is speculation, the Citibanamex expert remarked.

It depends on what you invest, because there are approaches and tools that help manage risk, but also a danger when you do not invest because money is losing value, recommended Sofía Macias. “The bad news is that whatever you do, there is risk. If you choose something suitable for your goals in a given time, the danger is more limited ”.

Knowing what you want and when you want it is the most important thing, Reyes Heroles remarked.

  • In case you are interested: 10 tips to be a millionaire before 30

2. “It takes a lot of money to invest”

“You need 50 pesos. You need to plan, know what you want, and get started. There are instruments that allow you to start with very little to begin to understand how your money grows ”, remarked the author of Living like a queen and spending like a commoner .

In this regard, Juan Luis Ordaz recalled that the first step is to choose a goal to choose an investment tool and not go for the fashions.

“The worst time to invest in something is when it comes out a lot in the news because it is fashionable and you also buy expensive,” recommended Sofía Macías. “When a platform is at all-time highs, it is time to know it before taking a risk.”

3. “I can get rich overnight”

Sometimes we confuse that investments give income, when in fact they give long-term wealth, remarked the author of Little Capitalist Pig. “We believe that we can, we will invest and after six months we will be able to spend.”

For her part, Regina recalled that “the idea of investing is thinking about compound interest. This money has to work while we do our thing. We have to give this money a work horizon.

Ordaz remarked that the great millionaires of the world work their wealth with these three pillars to build wealth.

  • Money attraction: Occupy your talents in what I am good at and have a good relationship with money.
  • Money management: Knowing how to spend and use what we earn.
  • Multiplication of money: That’s what investments exist for

4. “You have to be an expert to invest”

Macías said: “Investing is a skill, but not one that is born with or that is acquired in school.” That is, it is generated with financial education courses. “The habit do not do the monk. Yes you have to study, but you can start with low risk ”.

Reyes Heroles mentioned that it is necessary to increase the participation in investments as experience is acquired and to be in constant training. “Think about how much you are losing by not investing.”

  • To know more: How to invest in Cetes

5. “You always have to invest in a bank”

“What is important here is to participate in institutions that are regulated to protect and respect your money. If something sounds too good to be true, it probably is, ”recalled the MIDE director.

For his part, Macías pointed out that it is necessary to update all the time to know the different platforms that exist such as Fintech. “Many people want to get rich, but they don’t want to pay the price to stop spending, learning and practicing.”

“The people who do prepare themselves in financial matters multiply. Those that do not divide ”, concluded the Citibanamex executive.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

When we lose the power to report a power cut

Photograph: Ian Forsyth/Getty Images Kwasi Kwarteng urged those still without electricity to call 105, the emergency power cut phone number (Report, 1 December). Perhaps he could explain how in the ... Read more »

How AI Will Transform the Housing-Market Consumer Experience

You likely use artificial intelligence without even realizing it. For example, when you Google something, the search engine is being powered by AI, and when you scroll through a social ... Read more »

Rohingya Refugees Sue Meta For $150 Billion Over Extremism On Facebook

Rohingya refugee groups in Burma have sued Meta Platforms Inc (NASDAQ:FB) for $150 billion on Monday, arguing it has not done enough on the Facebook platform to tackle hate speech ... Read more »

How to choose that your WhatsApp messages only last 24 hours, 7 days or 3 months

Temporary messages were incorporated into WhatsApp chats to give users more control and security over what they share on the social network. Since they started, they had the option of ... Read more »

3 Impacts of AI in the Machine Translation Industry

Throughout history, communication has been a crucial component of all aspects of human endeavor. From business and diplomacy to technology in more recent times, the ability to express and understand ... Read more »

Stocks are back up already. What would have happened if you'd sold?

shapecharge | E+ | Getty Images It'd be surprising if you weren't scared by recent headlines, yet how you responded to them as an investor will have major consequences for ... Read more »

These states offer a workaround for the SALT deduction cap

Jose Luis Pelaez | Iconica | Getty Images As Congress wrestles over changes to the $10,000 cap on the federal deduction for state and local taxes, known as SALT, many ... Read more »

Asda distribution workers to vote on Christmas strike

Workers at Asda could go out on strike, joining their colleagues at Tesco as the retailers gear up for the Christmas period. Union GMB said that it would call a ... Read more »

These Booming Franchise Sectors Tell You Where the Industry Is Headed

It’s been a wild year for franchising. Some categories reinvented themselves in the earlier days of the pandemic,like tutoring, when it moved from in-home to virtual. Others experienced a massive ... Read more »

Greenland miner could offer solution to the precious metals crisis

(REUTERS) Even if you don’t invest in precious metals your life wouldn’t be the same without them. Your alarm clock, mobile phone, watch, laptop, iPad, washing machine, dishwasher or car ... Read more »

Jack in the Box Buys Taco Chain for a Whopping $575 Million

Originally rivals, two top fast-food chains will now become one in a brow-raisingly expensive acquisition. SOPA Images | Getty Images In a strategic taco-fueled move, fast-food chain Jack in the Box has ... Read more »

Why your Christmas dinner will cost more this year

The average cost of a traditional Christmas dinner has increased (David Davies/PA) (PA Archive) The cost of a typical Christmas turkey dinner has risen by 3.4% as rocketing inflation pushes ... Read more »

Up at 4am, meditating by 4.15: apart from all the money, why would anyone envy Elizabeth Holmes?

Photograph: Brittany Hosea-Small/Reuters Everyone is just winging it. That’s one of the most valuable things I’ve learned as I’ve gotten older, but not particularly wiser: it doesn’t matter how successful ... Read more »

Australians' 2021 Google searches: Covid comes out on top with sport our favoured non-pandemic distraction

Photograph: Tomohiro Ohsumi/Getty Images The Covid-19 pandemic once again dominated internet searches in Australia this year, as lockdowns gripped the two largest states, and people sought vaccines. Google has compiled ... Read more »

‘Never happened before': lack of hospitality staff forces Melbourne bar to close its doors

Photograph: Hannibal Hanschke/Reuters Melbourne institution Cherry Bar shuttered its doors for the first time in its history over the weekend as fallout from hospitality staffing shortages continue. “I made a ... Read more »

Spice Money further bolsters leadership team to fast-track growth

Rural fintech company Spice Money is strengthening its leadership team as part of its ambition of becoming the country’s largest rural fintech player. As a step towards this, the company ... Read more »

‘An enormous opportunity': Coalition to consult on a central bank digital currency

Photograph: Joel Carrett/AAP Consumers using cryptocurrency exchanges and buy now, pay later services could be protected under what the federal treasurer, Josh Frydenberg, says would be the largest reform to ... Read more »

College admission applications spike as January deadline nears

When it comes to getting accepted to college, this year's high school seniors are playing the odds. “We are seeing students apply to so many schools because they saw how ... Read more »

‘Race for space' could be over as flat prices rise more than houses

The “race for space” that became characteristic of the property market during the Covid pandemic could be starting to slow, according to Halifax. As people shunned city centre work and ... Read more »

Elizabeth Holmes to begin sixth day testifying in her own defense at Theranos trial

Photograph: Brittany Hosea-Small/Reuters Elizabeth Holmes will begin a sixth day on the stand Tuesday, testifying in her own defense in a widely followed trial centering around her now-defunct blood testing ... Read more »

1.3 million passengers traveled with SAS in November

1.3 million passengers traveled with SAS in November, an increase of 300% from the previous year. SAS reports that it has increased its capacity by 143% from November 2020. The ... Read more »

David Fuller: Families of victims feel ‘angry and forgotten' ahead of independent inquiry

(Kent Police/AFP via Getty Images) Lawyers for the families of 21 victims of David Fuller have said they have been “left in the dark” ahead of an inquiry into his ... Read more »

Harrods restaurant staff strike averted after pay victory

Photograph: Jeff Spicer/Getty Images Restaurant workers at Harrods say they have won a 25% increase in pay, with some chefs now earning more than £12.50 an hour – averting a ... Read more »

North Carolina Man Wins Lottery Twice After Accidentally Buying 2 Identical Tickets

Most people would count themselves extremely lucky to win the lottery once, let alone twice. But when 49-year-old Scotty Thomas of Fayetteville, North Carolina couldn’t remember whether he’d already bought a ... Read more »

How to Show Job Candidates You Care About Their Career

You’ve reached the end of the short list, and sitting in front of you is the candidate you want to fill a badly needed position. This person has the right ... Read more »

Tesla Is Reportedly Going to Initiate a Voluntary Recall for Hundreds of Its Vehicles

If your Tesla’s Autopilot cameras have been having problems, you may be eligible for a replacement. According to CNBC, the carmaker is reportedly going to replace Autopilot cameras in the front fenders ... Read more »

These Wireless Chargers Can Upgrade Your Decor

Image Credit: Legrand 1. The no-plug outlet. Read more »

5 Ways Entrepreneurs Can Harness Social Audio

Social audio suddenly seems everywhere. According to Sensor Tower, which tracks the global app economy, social audio app installs rocketed to 20 million in the first four months of 2021. ... Read more »

Under-the-surface market checks suggest sell-off worse than it appears. Why that's a good thing

Stocks rebounded for a second straight day Tuesday following the waves of recent sell-offs that have swept over Wall Street. In the thick of it last week, the selling came ... Read more »

Wells Fargo sees borrower defaults starting to rise from low levels reached during pandemic

Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020.Andrew Harrer | Bloomberg ... Read more »

Most common passwords in the UK and how long it would take to crack them

A total of 187,219,153 passwords were leaked in the UK in 2021. Photo: Getty The most common password used in the UK in 2021 was the very unoriginal “123456”, used ... Read more »

London braces for further Tube strikes amid new plan to shed 600 jobs

Photograph: James Manning/PA London could be hit by further Tube strikes after transport bosses outlined plans to shed 600 posts to combat the effects of the pandemic on the capital’s ... Read more »

Vegan Brands Are Swinging For Our Greatest Hope: Gen Z

Vegetarianism isn’t what it used to be, due in large part to kids these days. And for the sake of the world, that’s a good thing. Marketers, parents, teachers, and ... Read more »

BoE rate hike plan up in the air again due to Omicron risks

1 / 2BoE rate hike plan up in the air again due to Omicron risksFILE PHOTO: People walk past the Bank of England in London By William Schomberg LONDON (Reuters) ... Read more »

Strava data shows people were 38% more active this year than already record-breaking 2020

(Credit: Strava) The world continued to work out this year more than ever before, according to data from Strava – even as lockdowns loosened and more activities were possible. The ... Read more »

Friends of the Earth sues Britain over Mozambique LNG project

Members of Young Friends of the Earth Europe demonstrate during the World Climate Change Conference 2015 at Le Bourget By Marwa Rashad LONDON (Reuters) – A legal challenge by Friends ... Read more »

GSK's Covid-19 drug effective against highly-mutated new Omicron variant, study shows

GSK today said its antibody treatment for Covid-19 is effective against omicron despite the new variant's high level of mutations. The drug-maker reported results of pre-clinical studies carried out in ... Read more »

Permira to take email security firm Mimecast private in $5.8 billion deal

(Reuters) – Mimecast Ltd said that funds advised by private equity firm Permira will take the email security company private in a deal valued at about $5.8 billion, at a ... Read more »

Here are 5 ways to protect yourself against credit card fraud this holiday season

Getty Images A simple click or swipe on your laptop, tablet or smartphone to purchase a gift, buy sports and concert tickets, or book a trip may seem like the ... Read more »

Yellen warns US labour shortage may take years to resolve

“I’m frankly not worried about a downturn in the US economy as fiscal stimulus ebbs. I do think there’s going to be plenty of demand to support growth.” Photo: Tom ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic