There's no single formula for managing your personal finances and investments. Everyone's situation is unique and different strategies work for different people.

However, there are plenty of financial myths out there that can do much more harm than good. Whether this misguided advice comes from a well-meaning friend or the internet, these myths are not only wrong but can cause real harm.

Our Debunking Common Financial Myths1 guide reviews five of these financial myths and offers our thoughts on how to avoid them and embrace financial clarity in the process.

If you have $500,000 or more to invest, get this guide to learn some of the most common—and harmful—financial myths including:

  • When you retire, you should get out of stocks completely
  • It's essential to watch the daily movements in the stock market
  • Financial advisors always have your best interests in mind
  • And more!

A Quick Word About Zacks

Zacks Investment Management has been helping investors meet their financial goals since 1992. Currently we are entrusted with billions in assets by investors just like you. These people turn to Zacks because of our ability to create customized portfolios with many top rated strategies by Morningstar.