You could leave it there to collect meagre interest, or splurge on exorbitant luxurious items. Our suggestion however, is to use your money well by growing it right. We understand that making a right decision on investing is a tough and heavy commitment.
Today, we debunk 3 common myths that have been circulating and misleading many investors in 2017, regardless the size of their investment.
Myth No. 1: Stock Bonds Are Safe
Are we to believe the banks when they sell us bonds claiming that they are “safe”? The global financial crisis and collapse of numerous oil and gas companies have devastated many equity owners and affected tons of bondholders, when these companies struggle with the difficulty of repaying loans.
Technically, bonds are “safer” since bondholders get paid off first before equity holders in the case of liquidation. However, whether or not they are “safe” depends on the company you are throwing money into. In our opinion, that’s not exactly how “safe” should sound like.
Click to readmore on why stock bonds are just not safe anymore.
Myth No. 2: “Properties” Are A Sure Investment Win
It is not a surprise why property investment are popularly deemed as great investments.