We had discussed a lot about investing myths in the past and here's a post to really bust them once and for all.
1. Investing can make you filthy richI think this notion deserves a lot more analysis and the way I would think of it is to look at the top 10 or even the top 100 richest people in world, in each region and also in Singapore. Investors seldom get featured on these lists. The most famous rich investor remains to be Warren Buffett. In Asia, there is no equivalent. Most of the richest Asians are either entrepreneurs or property tycoons. The second argument relates more to mundane mortals like us and here the stats don't lie. Over 90% of all retail investors don't make money while 80% of professional fund managers don't beat their benchmark like the S&P 500 which generates 8-10% per annum return over...