Debunking five retirement myths

Franklin Templeton's Matthew Williams debunks five popular myths around retirement, including spending patterns, asset allocation and longevity risks.

Ruth Saldanha 5 October, 2018 | 5:00PM

Stock investing is like gambling. You need to have a lot of money before you start investing. You can only invest or save for one goal at a time. If everyone is talking about it, I should definitely invest.

These are some common myths about investing that many new or first-time investors fall for. These myths aren't true -- all stock investing is not gambling, investors can start investing with even $50 a month, most investors multi-task and save for multiple goals at the same time, and often hot-tips or trends might not be the best investments at all.

Today, we will examine some more investing myths, this time, around retirement. Many people believe these myths, but they aren't really true.

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Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca