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Home > Tools & Resources > Investing Myths Debunked: Take Control of Your Financial Future

Investing Myths Debunked: Take Control of Your Financial Future

3/20/2024

Have you ever dreamt of a secure financial future but felt intimidated by the world of investing? You're not alone! Many myths and misconceptions can hold people back from taking control of their finances. Here at SharePoint Credit Union, we believe everyone deserves the opportunity to grow their wealth, regardless of income level. So, let's debunk some common investing myths and empower you to reach your financial goals!

Myth 1: Investing is only for the rich.

This might be the biggest misconception of all. Thanks to advancements in technology, investing is more accessible than ever. SharePoint CU offers an approachable solution with EasyVest™! EasyVest™ offers a secure investment option for anyone interested in building wealth but unsure how to get started. Members can start investing with as little as $200!

Myth 2: You need a lot of money to start.

Here's the beauty of investing: it's a marathon, not a sprint. The power of compound interest allows even small, regular contributions to grow significantly over time. Consider setting up automatic transfers from your checking account – even a small amount invested consistently can make a big difference down the road.

Myth 3: Investing is too risky.

Investing does involve some risk, but there are ways to manage it. Diversification is key! Spreading your investments across different asset classes, like stocks, bonds, and mutual funds, helps mitigate risk. Additionally, a long-term investment horizon allows you to weather market fluctuations.

Myth 4: You need a fancy broker to invest.

Not at all! Credit unions offer investment services with a personal touch and often lower fees compared to traditional brokers. Our team of financial experts can guide you through the process, answer your questions, and help you develop an investment strategy tailored to your goals and risk tolerance.

Myth 5: You need to time the market.

Trying to predict market highs and lows is a recipe for stress and disappointment. Market timing is notoriously difficult, even for seasoned professionals. A "buy-and-hold" strategy, where you invest consistently for the long term, has proven to be a more reliable approach.

The Credit Union Advantage at SharePoint Credit Union

At SharePoint CU, we're committed to empowering our members to achieve financial wellness. We offer a variety of investment tools and resources to help you on your journey, including:

  • Investment calculators: Estimate your potential returns and plan for your future needs.
  • Access to a financial advisor: Get personalized guidance and investment recommendations from our Personal Investment Advisor, Joe Zandlo.
  • Prospective members: If you're looking for a financial institution that prioritizes your success, consider joining SharePoint Credit Union. We offer a complete range of financial services, including investment options tailored to your needs.

Ready to Take Control of Your Financial Future?

Don't let myths hold you back from achieving your financial goals. Whether you're a seasoned investor or just starting out, SharePoint CU is here to help. Contact us today to discuss your investment options and speak with a financial advisor. Together, we can build a personalized plan for your financial future!
 



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