No. There is a pretty good website out there, educational and not porno, that I think can be found if you google "masturbation myths" or something close to that. I saw it once, and it had all of them listed, i.e., you won't grow hair on your palms, you won't stunt your growth, you won't have trouble later in life siring children, etc.
(p.s., it's spelled "masturbate.")