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The 20 Biggest Lies About Becoming A Self-Made Tycoon

ShannonDecember 4, 2019
Don’t trust when someone tries to convince you to invest in a particular asset. Credit: Pexels

1. Buy This Stock (Or Cryptocurrency) And You’ll Be Rich

No one can predict the future. So if someone tries to tell you that a certain stock or cryptocurrency is about to skyrocket, they are lying. Maybe it’s not intentional or malicious. They may truly be hopeful and excited, because they are invested, too. However, no one should be telling you how to invest your money unless you are paying them to be your financial advisor. 

Do your research before you choose to invest in the stock market. Credit: Pexels

The next time someone tries to convince you to buy a stock, ask yourself what this person’s motivation is. A popular YouTuber or public figure might promote a new cryptocurrency because they want the value to go up. Once the stock is worth more, they can sell it for a profit. This is illegal in the stock market, but cryptocurrency is so new, that many public figures are getting away with this scam. Always do your own research before trusting a someone’s investing advice.

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