🤔 Terrible investing misconceptions that may be holding you back
Have 60 seconds? I'd love your valuable feedback in a super quick survey!
Featured Artist: Sebastien Preschoux
Here’s what’s in today’s newsletter:
📝 Main topics: Investing misconceptions you should never believe — and what tax you owe on a home sale
✅ Things To Do: Take 60 seconds to complete a brief survey—thank you!
📚 What I’m Enjoying: A recommended TV series, movie, and sleep aids
🗞 In the News: Stay up to date on personal finance news
📩 ICYMI: Recent newsletters you shouldn’t miss
🎙 Recent podcasts: Dig into loads of topics in the Money Girl archive (825+)
Hi, Friend -
Whether you're an experienced investor or want to become one, many myths can prevent you from succeeding. Don’t miss this week’s Money Girl episode 825, Debunking 10 Costly Investing Misconceptions, where I review the following ten costly misconceptions you should never believe!
1. Investing is only for the privileged and wealthy.
2. Investing means picking individual stocks.
3. Investing should be exciting.
4. You can beat the financial markets.
5. You shouldn't invest in uncertain times.
6. Investments always come with high fees.
7. You should take the most investing risk.
8. Investing is only about money.
9. You should pay off debt before investing.
10. You must work with a financial professional to invest.
Be sure to listen to the show for complete information that debunks each myth!
Also, I’m excited that we’re now publishing a second weekly Money Girl episode on Fridays. It’s a Q&A format where I answer a listener’s or reader’s recent question and share what’s happening in my life.
Check out the first one, episode 826, What Tax Do I Owe on My Home Sale?
Thank you for being a reader and podcast listener and showing up for your financial success and happiness! I have a quick (will take less than 60 seconds, I promise!) favor to ask.
I’d love to know what’s helping or resonating with you most in a brief survey. Thank you in advance for taking the time to give your valuable feedback!
🎬 A Gentleman in Moscow is a Paramount+ series based on the 2016 bestselling novel by Amor Towles. It’s set in post-Revolutionary Russia, where Count Rostov (brilliantly played by Ewan McGregor) is stripped of his wealth and placed under lifetime house arrest in a grand Moscow hotel. I love the series because it lives up to the fantastic book!
🎥 Unfrosted is a Netflix comedy directed and co-written by Jerry Seinfeld with a terrific cast starring Seinfeld, Melissa McCarthy, Jim Gaffigan, Amy Schumer, and Hugh Grant. Set in 1963, Michigan, and based on cereal rivals—Kellogg’s and Post—that race to create a bestselling breakfast pastry. Very colorful and funny!
💤 Eight Sleep is my secret weapon for high-quality sleep with personalized cooling, heating, and elevation technology. You can purchase Eight Sleep’s mattress (called a Pod) or mattress cover (Pod Cover, which I have), so it works on any bed all year long. This link gives you $350 off the Pod 4 Ultra!
🎶 Wireless sleep headphones are another great tool I use for drifting off to sleep or relaxing without earbuds. The flexible headband is comfortable and holds a charge for up to 14 hours, so you can listen to lots of music, podcasts, and audiobooks.
🗞 Americans with mortgages are sitting on record-high home equity, with about 48 million able to tap an average of $206,000 (up from $185,000 last year) through a home equity loan or line of credit.
🗞 Ever wonder how taxes stack up nationwide? This map graphic shows the total tax burden in each state as of March 2024.
🗞 Home insurance has skyrocketed 20% since 2021, to an average of $2,377 in 2023, and will likely continue rising due to construction costs and natural disasters. Residents of Florida pay about 12 times more for home insurance than Vermont.
🗞 Mortgage rates dipped for the first time in weeks but remain above 7%, keeping pressure on potential homebuyers and sellers.
🎧 826: What tax do I owe on my home sale?
🎧 825: Debunking 10 costly investing misconceptions
🎧 824: 6 rules for contributing to an IRA and a 401(k)
🎧 823: Understanding Bitcoin: Its history, halving, and controversy
🎧 822: Investing by lump sum versus dollar cost averaging (DCA)
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