222 stock market myths + wrap accounts Dev Raga Personal Finance

Dev unpacks 10 myths about the stock market:




👉🏾 investing in the stock market is gambling


👉🏿 the stock market is only for rich people


👉🏻 buying a stock when it falls is always a good strategy


👉 the more stocks you own, the better it is!


👉🏼 gains and losses are considered equal


👉🏽 more risk means more returns


👉 a low stock price means it's undervalued


👉🏿 everyone needs a financial adviser


👉🏾 sequence of returns doesn't matter


👉🏼 dividend yield investing is always good


👉🏻 and a question from Nyasha who asks, "What is a wrap account?"




🛑 Please read our disclaimer + warnings before listening to this episode


Altus Financial is for medical professionals who want to feel good about their finances. Visit https://bit.ly/altusm3m




Episodes mentioned:


135 gambling vs speculation!


056 what are derivatives (financial)?


203 what is diworsification?


076 what are corporate actions?


077 what is price to earnings ratio (P/E)?


078 what is price to book ratio (P/B)?


028 what is sequence of returns risk?


031 what is dividend investing?


065 dividends vs distributions


102 what is a dividend reinvestment plan (DRP)?


061 what is a trust?




📝 Episode transcript: https://bit.ly/m3meptranscripts


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