New Investor? Avoid These Investment Myths
Bangalore: Investing is a tough task and needs many careful baby steps to make it successful in the long run. As newbie investors there is no bigger mistake than not keeping some investment myths at bay. Ramalingam K., of Rupee Manager, highlights 8 such myths we usually fall for –
1. I am Too Young for a Retirement Plan
This is probably the most common rookie investor mistake. Retirement plan is the best form of investment for all salaried people. If one starts planning for retirement from an early age, (s)he can reap quite a few rewards. Planning for retirement at an early age equates to paying a lesser amount of premium over the years. Moreover, if you start early you can get a better understanding of retirement plans and can derive the benefits if you plan to retire early. So, start planning for retirement as it is the best investment you’ll ever make.
