5 investing myths that might be holding you back
When you are new to investing it can feel overwhelming. There are plenty of myths out there that make people think it is too hard, too risky, or not for them.
Let’s clear up a few common myths you’ve probably heard so you can feel confident about taking the first step.
Myth 1: Investing is only for the rich.
Many people think you need thousands of dollars before you can start. That is not true. You can begin investing with just a few dollars. At Raiz, you can start with as little as $5. What matters most is starting and building a habit, not the size of your first deposit.
Myth 2: Investing is too complicated.
Yes, there are some tricky words in finance, but investing does not have to be confusing. You do not need to pick individual shares or spend hours studying the stock market. Ready-made portfolios and simple tools mean you can get started in minutes.
Myth 3: Investing is like gambling
Investing and gambling are very different. Gambling is based on chance, and the odds are stacked against you. Investing is about putting your money into assets that have the potential to grow in value over time. While markets go up and down in the short term, history shows that good quality, diversified investments, can grow over the long term.
Myth 4: I do not have time to invest
Investing does not need hours of work. Once you set up your account and choose a portfolio, you can automate deposits or use features like Round-Ups that invest your spare change. You can invest while you get on with your everyday life.
Myth 5: I am not an investor
Here is the truth: if you have superannuation, you are already investing. Your super fund invests your money in things like shares, property and bonds. The only difference is that with personal investing, you are choosing to grow more wealth on top of your super, and you can use it before retirement. So give yourself some credit, you are likely already an investor!
The takeaway
Investing is not just for wealthy people or financial experts. It is for anyone who wants their money to grow over time.
Starting small, keeping it simple and building steady habits can make a huge difference. Why not take the next step and invest for your own goals too?
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Important Information
This blog has been issued by Instreet Investment Limited (ACN 128 813 016 AFSL 434776) as Responsible Entity of the Raiz Invest Australia Fund (ARSN 607 533 022) and has been prepared without taking into account your objectives, financial situation or needs. Before acting on such information, you should conduct your own review or consult a financial advisor before making a decision to invest. Please read the relevant Product Disclosure Statement and any associated reference documents before making an investment decision. In accordance with the Design and Distributions Obligations, we maintain Target Market Determinations for our Funds. All documents can be found on the Raiz website www.raizinvest.com.au, or calling the Customer Support team on 1300 754 748. Please note that past performance is not a reliable indicator or guarantee of future performance. Historical returns, forecasts, and market commentary are provided for general informational purposes only. All investment carries risk and may result in loss of capital.
