Common Investment Mistakes newbies make

Hey Smart Investor,

It’s another wonderful weekend in the month of February, and we are getting close to valentine’s day😉

🎶Valentine is coming, where is your girlfriend/boyfriend🎶

Jokes aside, today we will be talking about common investment mistakes people make and they are as follows;

• Not diversifying your portfolio: It's important to spread your investments out among different asset classes, industries, and geographies to minimize risk. By putting all your eggs in one basket, you increase the chances of losing a significant portion of your investment if that particular asset underperforms.

• Failing to do proper research: Before making any investment decisions, it's important to thoroughly research the company or asset in question. This includes looking at its financial statements, understanding its business model, and considering any potential risks.

• Chasing after short-term gains: It's tempting to jump on the latest hot stock or trend, but this approach can often lead to disappointment. Long-term investing is a more sustainable strategy, as it allows for the natural ups and downs of the market to even out over time.

• Not having a plan: Without a clear investment strategy, it's easy to get swayed by emotions or outside influences. Having a plan in place can help you stay focused and make more informed decisions.