3 Big Misconceptions About the Market That Could Hurt You as an Investor

The three most valuable words you can say as an investor might be, "I don't know." Admitting when you don't know something opens the door to asking questions, seeking information and learning something new. From there, you can better position yourself to make higher-quality decisions.

But instead of saying those three little words, investors tend to fall victim to three big misconceptions that cost them money on their investments. Here's what to know about what's often misunderstood when it comes to the stock market, so you can avoid making the same mistakes.

Misconception: You Invest in the S&P 500, So You're Diversified

Another way to put this misconception is that you assume that the S&P