Seven market myths that make investors poorer

Many retail investors idolise Warren Buffett, but his strategies to 'beat the market' are near impossible to replicate. Investors need to enter the market with their eyes wide open.

Financial markets are complex dynamic systems, populated by irrational and biased participants. Because of this, we have a tendency not only to misunderstand how the financial markets function, but we tend to buy into myths that often harm our financial well-being.

But by better understanding the financial markets, ourselves and the behavioural flaws that drive these persistent myths, we can increase our odds of achieving our financial goals. Here’s what investors need to watch out for:

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