Biggest Investing Lies You're Being Told (Page 2 of 10)
Categories: Invest Wisely
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- Biggest Investing Lies You're Being Told
Survey Says:
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Lie #1:
"Dollar cost averaging still makes sense"Buying shares of stock in good markets … and bad. Hmm, does this sound like a good idea to you?
A Citigroup share purchased in 2004 at $57 per share is now worth less than $2 per share.
How about another example?
General Motors, as recently as February 2008, was selling for about $23 per share. These days it's selling at less than $2 per share.
We call this throwing good money after bad! Get our sensible advice on investing here.
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