7 Beginner Investing Mistakes to Avoid at All Costs
Investing is one of the most powerful ways to build wealth, but it's also fraught with potential pitfalls...
- Not Having a Clear Financial Plan — Define goals, horizon, and risk tolerance before deploying capital.
- Trying to Time the Market — Prefer steady, long-term investing over prediction.
- Putting All Your Eggs in One Basket — Diversify across assets to manage risk.
- Letting Emotions Drive Decisions — Build a rules-based approach to avoid fear/greed cycles.
- Paying High Fees — Favor low-cost index funds/ETFs.
- Ignoring Inflation — Keep excess cash invested for long horizons.
- Not Investing Soon Enough — Time in market beats timing the market.