Investing in financial products like shares, bonds, funds and KiwiSaver are all ways to grow your wealth. Regularly putting a little money aside today can reap rewards later in life.
But there are myths about investing that stop many people from taking part. They imagine investors as flash young risk-takers with money to burn. They remember times past when some investments did fail.
Investing isn’t risk-free. In fact, if there’s one single truth, it’s that no investment is risk-free. That’s why the proverb ‘Don’t put all your eggs in one basket’ is especially true in investing.
As for the untruths about investing – the myths that may be stopping you or someone you know from taking part – there’s no one better to dispel them than Mary Holm, who's been demystifying personal finance for Kiwis for several decades, in books, columns and on the radio.
In this booklet written by Mary for the FMA, she sets the record straight on eight common myths about investing. It’s a quick guide for anyone who’s thinking about or already dabbling in investing – and wants to know more.
Read or download the guide here.
Source: Financial Markets Authority