A lot of people think that investing (share, property, etc.. ) is
Myth 1: Risky
Most of the time is that these people have been stereotype or their family or friends may have lost huge amount of money in the share market especially during the financial crisis.
Myth 2: Gambling
People know that they can’t control the market (recession) so they taught they can only using the guess work to do it just like gambling. Maybe they are lucky they can enter in a lower price and get a favorable return.
Let me give u an example:
By driving a car with a car license, it is less risky than those who didn’t even drive a car before. Once u have gone through training and have the license, do u think that driving a car still risky? Do u know how to make a turning, and the magnitude of it?
Answer: Driving is still risky but it has been minimized and u surely know how to make a turning.
That’s why if u have the knowledge, investing is not gambling and less risky.
Warren Buffet Philosophy:
Risk comes from not knowing what you're doing
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