{"id":835,"date":"2020-06-07T06:41:11","date_gmt":"2020-06-07T06:41:11","guid":{"rendered":"https:\/\/www.act4apps.org\/?p=835"},"modified":"2020-06-07T06:46:46","modified_gmt":"2020-06-07T06:46:46","slug":"common-investment-mistakes-people-make","status":"publish","type":"post","link":"https:\/\/www.act4apps.org\/common-investment-mistakes-people-make\/","title":{"rendered":"Common Investment Mistakes People Make"},"content":{"rendered":"
Investment<\/p><\/div>\n
If you intend to build long-term wealth, investing is one sure way of going\u00a0<\/span>about the process. Not everyone can be a good investor but at the same time, it can be a skill that can be learned and perfected. There are some common mistakes that a lot of people make that derail the process of making good investments. One of the best things about learning is you get to avoid some mistakes that could prove to be disastrous. Here are some of the common investment mistakes that you should avoid at all costs.<\/span><\/p>\n
Waiting for the Perfect Moment<\/span><\/h2>\n
There is no perfect moment to start investing. In fact, it is recommended that you\u2019re starting as early as possible. The concept of compounding interest is a big deal when it comes to investing. If you\u2019re consistent with the process, you\u2019ll reap big even if you started small. \u201cI don\u2019t have money\u201d should never be used as an excuse for not investing.<\/span><\/p>\n
Not Investing Enough<\/span><\/h2>\n
You might have the resources but you\u2019re not investing enough as you\u2019re supposed to. One can\u2019t say that you\u2019ve invested enough as far as money goes. You should make it a habit of putting away as much as possible. This doesn\u2019t mean that you have to live like a miser. On the contrary, you\u2019ll be living within your means and you get to invest enough as you should.\u00a0 The amount you invest should increase when there is an increase in resources. There are some investment calculators that can be found online which will tell you how much you\u2019ll need to set aside every month if you\u2019re to have success in the future with the finances.<\/span><\/p>\n
Paying Too Many Fees<\/span><\/h2>\n
Investment<\/p><\/div>\n
Did you know that fees could break or make your investment portfolio? Most of the time, it will be hard to know you\u2019re paying excess fees on your portfolio. You\u2019ll likely earn less if you pay more in fees even if it is an extended duration of time. You should reach out to an investment manager so that you\u2019re making the most out of the situation.<\/span><\/p>\n