Mistake 1 – Expecting investments to only go up
- While buying investments like stocks and bonds for their upside potential, remember that they may go down for periods of time.
Mistake 2 – Following the latest investment trend
- Many investors follow the latest trend in hopes of finding higher returns only to discover that they would have been better off sticking with their original long-term plan.
Mistake 3 – Not keeping safe money, SAFE
- Becoming focused on chasing returns at the expense of financial security.
Mistake 4 – Believing in stock market celebrities
- While it is interesting to listen to the recommendations of opinionated stock market celebrities, remember that there is a difference between entertainment and sound financial advice.
Mistake 5 – Betting on one investment
- When investing too much money on one investment, that’s called betting, not investing. Smart investors follow time-tested principles like diversification.
Mistake 6 – Ignoring the impact of inflation
- While it is easy to ignore inflation when it is as low as it is today, that simple mistake could seriously affect buying power in the long run.
Mistake 7 – Doing nothing in uncertain times
- When times are uncertain, it is easy not to make any decisions. Yet uncertain times often present the most profitable opportunities to investors who pay attention and act decisively.
For help you may ask questions in the comments