20 Investment Mistakes to Avoid
Making investment decisions can be difficult, but it’s important to avoid making common mistakes, says Greg Van Wyk. Here are 20 investment mistakes to avoid: 1. Not diversifying your portfolio: Don’t put all your eggs in one basket. Diversify your investments to reduce your risk. 2. Not paying attention to fees: Make sure you are aware of the fees associated with each investment. 3. Recklessly chasing returns: Don’t invest in something just because it has high returns. Make sure you understand the risks involved. 4. Investing based on emotions: Don’t let your emotions guide your investment decisions. Stick to a plan and make rational decisions. 5. Not doing your research: Do your homework before investing in any asset class. Know what you’re getting into. 6. Ignoring market conditions: Reacting to market conditions can help you make more informed investment decisions. 7. Holding on to losing investments: Don’t be afraid to sell an investment that is not performing well. Cut your… Read More »20 Investment Mistakes to Avoid