- Nov 17, 2016
There are a lot of myths and misconceptions floating around on the internet about investments. Advice such as diversify your investments, only invest in bluechips, buy cheap, etc. The biggest lies are “investment is too risky, so just leave it to the ‘professionals’ to do the job” or, “you need a lot of money to invest”. The fact is we should always educate ourselves in every circumstance, to ensure our money is in the right hands and invested in the right way. Furthermore,with the right tools and the right strategies we can start investing with less than $1000.
Many “marketing experts” will take advantage of new market booms as a bait to attract people fall into the latest investments. Market traps cause new investors with little fundamental knowledge to invest into the wrong area. It is always important to make sure you are well informed and educated to avoid unnecessary loss! There are plenty of opportunities in the market, but only for those who are well prepared!
A note from my personal experience.
In 2011, all the news, analysis, brokers called for bullishness of gold and silver. My housemate advised me to invest into silver with him. At that time, one ounce of silver was traded at $40. Due to unfamiliarity of the commodity, I stayed away from it but started to pay attention and analyse commodities – silver and gold. It has dropped below $20 in 2015!
However, I believe the big bull of gold and silver is coming soon. One more final leg down then they will rise and shine. Those who have prepared and managed to catch the bull trend will be prospered!