Bangalore: Everyone wants to become rich and so do you and this is reason you frequently keep buying various investment plans. But many a times your desire to become rich makes you fall into trap and you end up buying a wrong plan. If you are already suffered from such situations then it’s obvious that you are a newbie in the market. So here are few investment myths busted which will help you to analyze the market and act accordingly, as reported by Moneyover55.about.com.

Myth 1: Investment Plans Which Sounds Complicated Are Good

Your friend might have gained a lot from a particular investment plan and it’s evoking you to own the similar plan too, but be patient and cross check what it is all about. A good investment plan for someone may not be the best one for you. If the investment plan sounds complicated and you don’t understand it, then don’t consider it as a great one and don’t fall pray for it. There are many poorly yielding plans in the market which are marketed with the long list of terms and conditions. If you just don’t understand a plan, either you consult your financial advisor or simply refrain yourself from plunging into the plan.