Investing in stocks, bonds, currencies, commodities, real-estate or in private ventures are some of the top vehicles for creating wealth through investments. However, time and time again the average investor gets caught wrong-footed by these myths of investing that block his path towards true riches. Here are what we believe are the top five investing myths, which if side-stepped, can lead to tremendous success and wealth through investing.

Investing is too risky - We hope you are already beyond this basic stage. Investing in anything is too risky when you do not know what you are doing. Driving a car is too risky when you don't know how to control the car and what the rules of the road are. Investing, similarly, is not risky once you understand what you are investing in, and how to go about managing your investments.

Mutual Funds are your best bet to prosperity - This has been written about repeatedly - but mutual fund investing needs to be given as much care as buying individual stocks. Additionally, mutual funds suffer from their own success, and after a certain point in time, cannot give you the large, outsized returns you need to rapidly reach multi-millionaire status. But they are still good for guaranteeing you a solid retirement.

Long Term Buy and Hold is the best path to wealth - This philosophy, made popular by Warren Buffett and his unmatched success, is often misunderstood. If you do indeed find companies with durable competitive advantages at a fair price, you can invest and hang on to them for a long time. More often than not however, to make a ton of money, it is better to study the characteristics of the industry you are investing in, and take the bull by the horns and ride it all the way up, and get off somewhere near the top. Otherwise, it is more likely than not that you will sell when the bear takes hold, somewhere close to the bottom, when all your profits have dried up.

Bond Markets cannot make you rich - Bond markets offer just as many opportunities as the stock market, though you are often dealing with larger sums of money here. Alternatively, if you conservatively invest through bond mutual funds, but hold onto your investments and reinvest all the interest and dividends, you will end up a very rich person, though it may take a little longer to do so.

You can do it on your own - Well, yes, you can learn everything about the markets and make a lot of money. In fact we recommend that you do so for sometime - but after having learnt your lessons, turn to either a trusted financial advisor or an outstanding investment newsletter to guide you towards profits. This is because most of us do not have the time to put in the effort it takes to seek out those investments that will land us outsized gains. You will be well served by having an experienced hand guide you.

Avoid these investing myths, and you will quickly on your way to large profits, and early financial freedom!