ilmscore | 7 investing myths that are holding you back financially

7 investing myths that are holding you back financially

Published: 2022-12-04
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
Historical market crashes (1929, 1973, dot-com, 2008, 2020) have all shown a rebound with a long-term upward trend, suggesting a future recovery from downturns.
"every single time the market has bounced back and there has been a long-term upward Trend so it's worth looking back at what happened and taking that into account the next time you lose money in quotation marks because you don't actually lose money until you pull that money out"
Stock Market Recovery
Pending
A well-managed company with strong financials and credit should see its stock price continue to rise, negating the need to wait for a price drop to invest.
"if you find a great firm a solid credit strong financials run by accident managers there is no reason why the stock will not continue to rise so there is no point kind of waiting for it to fall before going in it may just be that will continue going up up"
Stock Valuation
Pending
For long-term stock market investing, the most effective strategy is to maintain a consistent approach rather than attempting to time the market or react to daily news and market cycles.
"instead of trying to time the market the best route for long-term investing in the stock market is to just stay the course I've always being wrapped up in the day-to-day news and the cycles and just let your initial investment strategies play out"
Investment Strategy
Pending
A prerequisite for investing is to establish an emergency fund covering at least 3 to 6 months of living expenses.
"rule number one before you start investing is to always have an emergency fund in place this should be at least three to six months of your basic living expenses just kept to the side before you start investing that money"
Emergency Fund
Pending