The 10 Most Dangerous Investing Myths

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[sebastiancioek]

School is supposed to raise obedient slaves

[robertomartinez]

Another Myth: the Government will take care of you in your retirement.

[ginoaluzijr]

I have been in business for 50+ years.
Good info on saving, investing and also business. Keep it up. You will go far. I am 72 and still working, because I like my job, and I have no aggravation, because I work alone.

[ClayneBanks]

Managing Money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times, while orders tend to avoid them. Well, at least my advisor does too.

[bradfordbrucker]

Here's a few problems with your advice. My friend's 16 yr/old daughter was impregnated by a 19 yr/old drug dealer. He could care less about the child and ran off. Also, it is much harder to run your own business than it is to do a union job. I've had contract jobs where I did absolutely no work for years and when I started my own businesses, I spent 80 hr/week 24/7 busting my hump, and if you make a mistake you could loose all your customers overnight. Other than that, I am with you 100% on all the other advice. Love your channel, thanks.

[juicymelodic]

I do not fully agree on DCA. There is a very simple reason why this strategy is better for beginners - timing the market usually ends with a complete failure, when people think stocks or crypto are already too high and they wait till the pull back. They miss the opportunity completely.

What I am a proponent of is dynamic cost averaging - buy more when it is cheap, buy less when it is expensive, sell a bit when there is mania. Until you learn more about the market and start making educated decisions.

[lv]

You have to also remember that when a investor makes any kind of a sizable purchase or sale the amount they must use for the transaction will either make the price of the stock go up in price or down in price because they move so many shares .so it’s very difficult for them to get into a stock in high volume and it’s very difficult to get out of a stock in high volume without causing dramatic price fluctuations in the pricing.

[stoychopetrov]

Absolutely true about the options... I have invested long time ago in SNAP and it collapsed by more than 50% but because I was selling calls and puts during that time, I was collecting so much premium that actually right now my position is still down 15% but Im in profit because of those premiums I was collecting. 👍
Finally a good content, nicely explained without clickbait and bs.

[garrettpatten]

Options are no guarentee. It's all rehypothication. There are way more players than chairs.

[Jeff__M]

Love this guy! Thanks for the free sauce, as always!!

[hawks]

The truth about the family myth is 100% accurate. The key to wealth is fulfilling the mandate of Genesis 1.

[marcsarfati]

Myth 11, I have a small disagreement

Government (Not Public) schools are designed to turn out Government employees not factory workers

[KEEFERMALLORY]

Hi Joe, Great video! You said that the definition of "growth" is getting more out of the same resources. When people say economy of scale, does that mean that they are using a tool to measure "growth"? When businesses grow because of firing employees or by adding lines of revenue through a merger or acquisition, are they really looking at getting more out the same resources: Or, is firing employees or doing a merger or acquisition not really a comparable tool to see if an entity is getting more out of the same resources?

I always thought of getting more out of the same resources as becoming more efficient or is it that growth equals efficiency?

[StreetDogsOfBaja]

Joe, you are an awesome teacher. The money I spent on Heresy Financial was the best trade I've ever made. Thank you.

[turek]

Regarding myth 5 I disagree with you Joe. I've bought access to your video tutorials and one of them was about how to build diversified portfolio. In my opinion buying everything isn't a solution. Some things goes up and some of them at the same time are going down. I'm in Warren Buffett camp buy when something is cheap and hold it as long as needed. If you picked assets correctly you will be fine. Regards, Artur

[nietur]

1: The assumption that the market goes up in the longterm is quite... reasonable.
2: Still important to understand that if you see a news, it's priced in.
3: Wrong, passive investing still works if the majority passively invests.

[lineinthesandchurch]

I remember when the University pricing was only $100 a month. I listened to this video and said to myself, “I think I can convince my wife of a $100 monthly”. 😬 However, it’s now $300 a month! Man, I missed out! I guess I will have to learn at the YouTube pace…
Keep up the good work sir—sincerely glad for your success. Been watching you from the beginning.

[charlesgripp]

Indexing is a store of value substitute because society can't store its value in money.

[StuggleIsSurreal]

"Lightning shoved into rocks." Nice.

[SK-ktch]

I coudnt agree with you more on Myth #6....known this my whole life yet cant figure out the escape plan.