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While those are legitimate concerns, they can be easily overcome when you develop the right investment plan.
A good first step is to learn how to separate fact from fiction.
Here are four myths about investing you should not buy into as anew investor.
You will lose money some days (and years) and earn it back during other periods.
The best way to look at investing is as a long-term strategy.
Dont focus ondaily or weekly volatility.
Instead, think several years ahead.
Youll learn that the bigger risk is not investing in the stock market.
Its Too Complicated
This is another popular myth that keeps many potential investors on the sidelines.
One thing to remember is that theres no single template for investing.
Fees for a robo advisor are typically lower than fees for using a human financial advisor.
But there are wide variations in thetypes of feesyoull have to pay, and how much.
For one thing, you dont have to hire a professional.
Even when you hire a brokerage, there are big differences in the brokerage fees they charge.
you might save a lot of money by choosing the most affordable options.
The combination of competition and technological advances has greatly lowered the cost of entry for investors.
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