Shady investment advice - Deepstash

Bite-sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

Shady investment advice

Bad investing advice can come from many quarters, such as wealth expos or financial advisors. If anyone promises you any type of return over 12%, 99% of the time, they are probably playing you.

There are great financial advisors out there, but many people who sell investment products just want your money. However, it's not that hard to invest for yourself.

STASHED IN:

500

MORE IDEAS FROM THE SAME ARTICLE

Two of the most common investment questions are "what do you invest in " and "what are the best investing strategies"?

After you maxed out your 401k, Roth IRA, and SEP-IRA, invest the rest in the following:

Three essentials for successful investing: Invest in things you understand with low fees and minimal taxes.

  1. Never buy a financial or investing product from someone you just met.
  2. Getting returns over 12% per year is ridiculously hard. If it sounds too good to be true, it is.
  3. If you don't understand it, don't invest in it.
  4. If one of your fri...

For short-term investing, keep your money in a bond fund like the Vanguard Total Bond Market Index Fund or a certificate of deposit (DC) at your local bank.

You do not have to have a lot of money to start investing.

Many people get poor investment returns because they get emotional. Emotions around investing are simply due to a lack of knowledge.

You've worked very hard for your money. Don't gamble on investments you don't understand, nor listen to pitches unless you solicited them.

81 Reactions

Comment

MORE LIKE THIS

created 6 ideas

Every investor’s principal goal is to reduce all possible investment risks while simultaneously increasing investment opportunities. Learn all about diversification and untold secrets. This will help anyone start their investment journey.

17

Comment

999 reads

It's time to

READ

LIKE

A PRO!

Jump-start your

reading habits

, gather your

knowledge

,

remember what you read

and stay ahead of the crowd!

Takes just 5 minutes a day.


TRY THE DEEPSTASH APP

+2M Installs

4.7 App Score