As Halloween rolls around, it’s not just ghosts and goblins that can give you a fright, financial myths have a way of sneaking up on people, too. And when headlines feel uncertain or the economy seems a little eerie, it’s easy to let fear take the wheel.

But just like every good ghost story, these myths fall apart under a little light. Let’s bust a few of the most common ones so you can move forward with confidence (no exorcism required).

Myth #1: “I don’t have enough money to invest.”
You don’t need a big paycheck or a trust fund to start investing. What matters most is getting started! Even small, consistent contributions can add up over time thanks to compounding growth. Think of it as planting seeds, not waiting for the perfect harvest.

Myth #2: “This is a no-risk investment.”
If someone promises you high returns without risk, beware — that’s the real trick. Every investment comes with trade-offs, and understanding your comfort level with risk helps you make smarter, more sustainable choices.

Myth #3: “I can time the market.”
If only crystal balls really worked. Trying to guess the market’s next move is more likely to lead to stress than success. A steady, long-term approach tends to pay off far more than chasing quick gains.

Myth #4: “The market is declining — I need to sell.”
Market dips can feel scary, but panic selling often locks in losses that might have otherwise recovered. Staying focused on your long-term goals — not short-term swings — helps keep emotions in check and progress on track.

Financial myths can sound convincing, especially when fear is in the air. But knowledge is the best protection against panic. If you or someone you know is feeling uneasy about financial decisions, reach out — we’re here to help you separate fact from fiction.

Happy Spook-tober!

Chandler