Over the years, I’ve had a lot of people tell me what I should and shouldn’t be doing with my money.
Sometimes, the advice was unhelpful or just plain wrong.
It brings to mind a quote often attributed to Mark Twain.
“It ain’t what you don’t know that gets you in trouble. It’s what you know for sure that just ain’t so.”
With that in mind, here are fivecommonly shared finance tips that you might be better off ignoring.
1. Stock tips and dodgy investment ‘advice’
When your uncle tells you about the mining exploration company that’s about to strike gold, or your friend at the pub tells you about a new crypto coin, it’s not a good idea to drop everything and invest.
In the stock market, inside information is illegal. And while your uncle …
Read the full article at: https://www.abc.net.au/everyday/common-financial-myths/100006742
