Introduction
Do you want to be an investor like the lady in this image? Read on!
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Like majority of people, investing can seem like a daunting task. There’s so much advice out there that it can be difficult to know where to start. That’s why I’m here with the 10 most common mistakes investors make—and how you can avoid them:
1. Not diversifying
When it comes to investing, diversification is key. Diversification can be done by investing in different asset classes that have different risk profiles and returns. For example, you could have a portfolio of stocks, bonds and cash equivalents like money market funds.
If you’re paying attention here so far, you may be saying “that’s all well and good for people who are already making money from their investments.” That’s true! But what happens if you lose all your money? What do we do then?...