The other day, I got an email from an annoyed client.
He was a lawyer—knowledgeable, confident.
He told me I had a basic mistake in my tax materials.
I knew immediately what had happened.
He wasn’t the first lawyer to be confused by this tricky point.
So I explained the misunderstanding.
His reply came back—even more annoyed:
“There is no misunderstanding. Just fix your error.”
So I explained again, step by step.
Finally, he responded: “Okay. Yes, that’s right.”
I totally get it, because I’ve been in the exact same situation.
It’s how the old saying goes:
It’s not the things you don’t know that get you into trouble.
It’s the things you “know” that just ain’t so.
When it comes to investing, this kind of “false knowledge” shows up all the time.
People say things like:
❌ “Stocks are always riskier than bonds.”
❌ “The S&P 500 is the best investment.”
❌ “The smartest way to pick ETFs is past results.”
Maybe you don’t believe any of these three. . .
But chances are, you’ve got a few false beliefs holding you back, just like all of us.
That’s why in my training program, The Index Masterclass, I always tell students:
Go step by step. Watch every video.
Even if you think you know the basics – sometimes keeping an open mind can save you a lot of money.
Keep taking action.
I help busy Europeans become confident passive investors through a practical, step-by-step training program called The Index Masterclass.
Click here to access my free training for European investors.