This document summarizes the top 20 most common mistakes that have been compiled to help investors know what to look out for:
- Having too high expectations or using someone else’s expectations
- Not having clear investment goals
- Not being able to diversify enough
- Focusing on the wrong type of performance
- Buy high and sell low
- Trading too much and too often
- Overpaying in fees and commissions
- Focusing excessively on taxes
- Not regularly reviewing investments
- Taking too much risk, or too little, or taking the wrong risks
- Not knowing the true performance of the investments made
- Reacting to the media
- Chasing past returns
- Try to be a genius in market timing
- Not doing the proper analysis
- Working with the wrong consultant
- Let emotions get in the way
- Forgetting about inflation
- Neglecting to start investing, or following up
- Not controlling what can be controlled
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