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6 totally useless pieces of investing advice that you should probably ignore

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Day trading and one-off investment picks may not pan out and could derail your investing progress. Permanent life insurance and other investments with "guaranteed returns" aren't clear-cut winners. Contrary to what some finfluencers may claim,
The article from MSN Money titled "6 Totally Useless Pieces of Investing Advice That You Should Probably Ignore" discusses common investment tips that are often misleading or unhelpful. It highlights advice like "Invest in what you know," which can lead to a lack of diversification; "Buy low, sell high," which is overly simplistic and ignores market complexities; "Avoid all debt," which doesn't account for beneficial debt like mortgages or student loans; "You need a financial advisor," suggesting that not everyone requires one if they are willing to educate themselves; "The market is too volatile right now," which can cause investors to miss out on potential gains; and "You need a lot of money to start investing," debunking the myth by pointing out that many investment platforms now allow for small initial investments. The piece encourages investors to think critically about advice and tailor their strategies to their personal financial situation and goals.

Read the Full Bankrate Article at:
[ https://www.msn.com/en-us/money/other/6-totally-useless-pieces-of-investing-advice-that-you-should-probably-ignore/ar-AA1BMoTq ]