They know how to make their money work for them. But, even the rich make mistakes. Angel investor and entrepreneur Lim Dershing shares the 4 most common investing mistakes that Singaporean millionaires made in 2014. Words by Lim Dershing — It is common knowledge that even highly educated high-net-worth individuals – folks with S$1 million in liquid financial assets – with many years of experience make investment mistakes. The key difference is how they plan for and react to these mistakes. Below are four bad calls made in 2014 by people who are supposed to know better and how they could have mitigated the effects.

1. Over-allocating to company / country / industry calls by “experts”

In 2014, there were two conventional wisdom calls made and echoed by various economic and stock experts that unexpectedly turned sour. The first concerned energy prices and the second was about China. At the start ......