1. Expecting too much or using someone else’s expectations
2. Not having clear investment goals
3. Failing to diversify enough
4. Focusing on the wrong kind of performance
5. Buying high and selling low
6. Trading too much and too often
7. Paying too much in fees and commissions
8. Focusing too much on taxes
9. Not reviewing investments regularly
10. Taking too much, too little, or the wrong risk
11. Letting emotions get in the way
12. Forgetting about inflation
13. Working with the wrong adviser or mentor
14. Not knowing the true performance of your investments
15. Not testing the waters first.
Takeaway of this post for you is to keep yourself informed and educated because knowledge is power. Remember this quote throughout your journey of investing “You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.” — Peter Lynch
For more information please visit https://LiquidationMotivation.Net
No responses yet