5 Stock Market Myths

Corey —  June 26, 2015 — Leave a comment

We have all heard of them. We have laughed them off but secretly have wondered whether they are true or not. Like any other profession, the stock market also has developed quite a lot of myths. While some may be true most of them are not. These are just random stories made up by people who have suffered a loss in the market. Listed below are the top 5 stock market myths which are not true

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Are you interested in taking a payday advance because you feel you have no other option? It’s important to understand there is an ugly truth that lies behind them. They aren’t the loans that will save the day as you may think them to be. In fact, sometimes taking these loans can put you in a worse state than before you had this money in your checking account. Easy, fast money has its advantages and disadvantages. Read on to discover the ugly truth about payday advances.

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On average when a loved one passes away the family can expect to need about $10,000. This number does vary based on the specific situation, however regardless of the number you do not want to leave your loved ones with financial burdens. You probably have considered investing in burial insurance yet you do not know how much burial insurance costs on average. Today, we will be discussing the average cost of burial insurance.

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Unemployed or underemployed, you may find yourself as one of the 49 million Americans that face hunger. In a country of such excess, it is shocking that 1 in 6 Americans has to go hungry. Luckily there are numerous programs and organizations available to help try and combat hunger.

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Life’s little emergencies can often set a family or business behind the eight ball with seemingly no options but bankruptcy or high interest short term loans. Yet there are lots of different options depending on the need of the emergency. The first and foremost thing you need to do is stop any borrowing transaction and look at alternatives first. Short term loans look great until you have to pay back 200% of what you borrowed, doubling the cost of your emergency.

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As a small business owner myself, I can understand the tendency to minimize costs and try to do it yourself. DIY may be popular these days because it promotes education and saves on families’ personal finances, but there is a different reality in the business world.

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No one has to incorporate all six pillars of Tiny Living, but try incorporating some or all of them into your lifestyle. You’ll increase your well-being and your spending power while lowering your negative impact on the environment.

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