Investing Myths
Updated: January 7, 2009
Investing these days can be more confusing than ever given the recent trading scandals associated with the mutual fund industry.
It`s tough enough to pick good companies, but sorting through the other investing myths can be more difficult.
Tips shared by Scott MacAdam of First Busey Securities (Member NASD/SIPC).
INVESTING MYTHS
-Stocks are a good hedge against
inflation
-Young people can afford a lot more
risk
-P/E ratios tell you whether a stock
is expensive or cheap
-Stock splits add value
-Market timing works
SOLID PLANNING
-Diversify portfolio
-Look for good earnings reports
-Long term plan
4 DECEMBER 2003
