18 Investing Mistakes To Avoid

Investing Mistakes to Avoid


Along the way, you may make a few investing mistakes, however there are big mistakes that you absolutely must avoid if you are to be a successful investor. For instance, the biggest investing mistake that you could ever make is to not invest at all, or to put off investing until later. Make your money work for you Ė even if all you can spare is $20 a week to invest!

While not investing at all or putting off investing until later are big mistakes, investing before you are in the financial position to do so is another big mistake. Get your current financial situation in order first, and then start investing. Get your credit cleaned up, pay off high interest loans and credit cards, and put at least three months of living expenses in savings. Once this is done, you are ready to start letting your money work for you.

Donít invest to get rich quick. That is the riskiest type of investing that there is, and you will more than likely lose. If it was easy, everyone would be doing it! Instead, invest for the long term, and have the patience to weather the storms and allow your money to grow. Only invest for the short term when you know you will need the money in a short amount of time, and then stick with safe investments, such as certificates of deposit.

Donít put all of your eggs into one basket. Scatter it around various types of investments for the best returns. Also, donít move your money around too much. Let it ride. Pick your investments carefully, invest your money, and allow it to grow Ė donít panic if the stock drops a few dollars. If the stock is a stable stock, it will go back up.

A common mistake that a lot of people make is thinking that their investments in collectibles will really pay off. Again, if this were true, everyone would do it. Donít count on your Coke collection or your book collection to pay for your retirement years! Count on investments made with cold hard cash instead.

 

 
Translate Page Into German Translate Page Into French Translate Page Into Italian Translate Page Into Portuguese Translate Page Into Spanish Translate Page Into Japanese Translate Page Into Korean

More Articles

 

 

Search This Site

 

Related Products And FREE Videos





More Articles


02 Rebates Reward Or Rip Off

... really want the product and are OK with paying the price listed then buy it but don t count on actually getting the refund. Rule #2. Check rebate expiration dates. Many times products will stay on the shelf of a retailer after the date for sending in the rebate offer has expired so check that date carefully. ... 

Read Full Article  


04 The Budget

... plan at all. Not very smart of us, is it? A money plan is called a budget and it is crucial to get us to our desired financial goals. Without a plan we will drift without direction and end up marooned on a distant financial reef. If you have a spouse or a significant other, you should make this budget ... 

Read Full Article  


03 Spend Wisely To Save Money

... price to jump up by a lot is a little hiccup in the world wide market, note the price of gasoline as it relates to world affairs. There is a way that we can keep these price increases from impacting our personal finances so much and that is by buying in quantity and finding the best possible prices for ... 

Read Full Article  


10 Different Types Of Bonds

... Treasury Bonds through the Treasury Department. You can purchase Treasury Bonds with maturity dates ranging from three months to thirty years. Treasury bonds include Treasury Notes (T-Notes), Treasury Bills (T-Bills), and Treasury Bonds. All Treasury bonds are backed by the United States Government, and ... 

Read Full Article  


21 Stabilize Your Current Situation Before You Invest

... not necessary. For instance, high interest credit cards are not necessary. Pay them off and get rid of them. If you have high interest outstanding loans, pay them off as well. If nothing else, exchange the high interest credit card for one with lower interest and refinance high interest loans with loans ... 

Read Full Article