If you can avoid these investment mistakes you will go a long way to minimising losses and making returns on your money.
These are the 4 investment mistakes that appear most frequently:
- Trying to time the market: Moving to cash or a cash fund, when the markets are volatile. It can be very tricky to exit cash as there are always risks to moving out of cash (and generally with investing).
- Not taking the right amount of risk: If you take too little risk the returns will be low and if you take too much risk you may end up exiting the investment, at a loss, as it's too volatile.
- Not diversifying: 'Having all of your eggs in one basket'.
- Reacting to media headlines: Bad news sells so that is what is sold! Exiting an investment due to media worst case scenarios can be costly.
If you have any thoughts on the above factors feel free to get in touch or comment below??
