They say ignorance is bliss. Well, not when it comes to investing. As an investor you must have proper understanding of every facet of your investment – taxation, fees, risk, redemption options etc. What you know matters but what you incorrectly believe in matters too. Any investment made or not made because you hold a prejudice is as dangerous as an investment made without proper knowledge. These set notions, inculcated in the mind by ill-informed elders or mistaken friends can keep you away from real wealth.
Over time many myths have been created when it comes to investing which a lot of people falsely believe in. Here are a few such investing myths debunked: