Today we will talk about the Top Twelve Investing Mistakes. In the last ten years buying and selling the mutual funds in a strategy that has lost money. However you ETFs, Modern Portfolio Theory and semi annual balancing has worked beautifully. Commission based progress is another mistake because they are paid to sell you things and not necessarily to your advantage.
Trading on analyst recommendation is another mistake as well as Bankruptcy buy. Another mistake is chasing money when enormous gains have already happened. Hot tips are pumped up and spongy schemes so beware, and if someone promises to double your money in a set period of time or give you an annual returns scheme that seems too good to be as true, probably are. Instead, learning to trade derivatives first and educating yourself might be a better option.
You should also beware of buying on headlines. Get your facts trader know the complete story before investing. Another important mistake that should beware of is catching Press release that offer a snap shot of something news worth not the full picture and never place all your chips in one sector. Keeping too much in your employer’s company is another mistake and lastly we advice not to handover your investments to your loved ones, relative or friend as the only one who truly cares for your life is you.
Filed in: Investing
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