There's a lot of common misconceptions about investing, so we're here to give you the facts ๐งข
You might have heard certain things about investing from friends, family or social media.
There's a lot of common misconceptions about investing, so we're here to give you the facts โ๐งข
Myth 1: Investing is hard and complicated, and itโs only for Boomers ๐
Answer: Anybody can invest, and we're here to make it easy! Over 1 million users are already learning & investing on Bloom ๐
Myth 2: Iโm going to need a lot of money to start
Answer: On Bloom, you can start investing with just $1, and even small investments can become big over time ๐ค
Myth 3: I donโt have time to invest now, so Iโll just start later.
Answer: You don't need a lot of time to get started! Bloom lets you learn & invest at your own pace, and the earlier you start, the more time you give your money to grow. โฐ
Myth 4: Iโm going to lose a lot of money, and itโs super risky ๐ฌ
Answer: You can always choose "safer" investments, and Bloom will teach you how to pick what to invest in ๐ฅณ
Test your knowledge
T/F: In order to start investing, you need to be rich
Choose an option
T/F: You should wait until you have more time to invest
Choose an option
T/F: You will probably lose a lot of money from investing.