{"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\"

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

Basing Decisions on Emotions<\/span><\/h2>\n

It is easy to be carried away by emotions when making an important investment decision. You should be able to see beyond the hype even if it is an exciting investment proposition. Even if you\u2019re going through<\/span> bitcoin billionaire at cryptoevent<\/span><\/a>, it is imperative that you\u2019re doing due diligence before making an investment decision. You should also not market because of the prevailing market conditions. Make sure that the decisions you\u2019re making are based on planning and logic. You don\u2019t want to regret down the line.<\/span><\/p>\n

Frequent Trading<\/span><\/h2>\n

Just because there are day traders that make a lot of money doesn\u2019t necessarily mean that you\u2019ll also be successful as well. For the majority of investors, frequent trading could be a big mistake. You don\u2019t want to be doing it if you don\u2019t have the skills and experience to execute the trades. With frequent trading comes the fees which could have a severe impact on the returns. If you\u2019re to be a day trader, you\u2019re supposed to know when the right time to act is based on the signals that you\u2019ve been getting. There is also the risk of losing a lot of money given the nature of such trades. In any case, you should be prepared for extreme scenarios.<\/span><\/p>\n

Buying Because the Market Dictates So<\/span><\/h2>\n

If everyone is buying an investment, there is a high likelihood that it has already peaked and you could be joining the party when it is too late. Even if you might get some gains, the risk of you losing will be a lot higher.<\/span><\/p>\n

Beating the Market to Be Successful<\/span><\/h2>\n

You don\u2019t have to reinvent the wheel in order to be a successful investor. For you to gain anything meaningful, there have to be long-term goals in place. Your success will be determined if you\u2019re able to meet the investment objectives. You can forget about wanting to beat the market. The most important quality is that you\u2019re consistent and everything else will fall into place.<\/span><\/p>\n

Not Diversifying<\/span><\/h2>\n

It will be a big mistake to put all your eggs in one basket. That is why it is encouraged to diversity your portfolio so that you\u2019re not adversely affected if an investment decision goes wrong. You also don\u2019t have to figure out everything on your own. You can look for an investment manager to do all the hard work on your behalf.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

If you intend to build long-term wealth, investing is one sure way of going\u00a0about 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 […]<\/p>\n","protected":false},"author":1,"featured_media":837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[256],"tags":[255],"yoast_head":"\nCommon Investment Mistakes People Make - Act4apps<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.act4apps.org\/common-investment-mistakes-people-make\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Common Investment Mistakes People Make - Act4apps\" \/>\n<meta property=\"og:description\" content=\"If you intend to build long-term wealth, investing is one sure way of going\u00a0about the process. 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