Investment mistakes to avoid
Investment mistakes to avoid Now let’s see some common mistakes that investors should not make: Acting without a plan It is always important not only to plan your investment but also to work out your plan. This blueprint enables you to have a fair idea of how you are going to proceed with your stocks, bonds, etc. Having short investment horizon Often people begin investing in order to achieve goals that are short term in nature. Such investors not only lose the opportunity to invest in high return assets but also the power of compounding which is fundamental that drives portfolio growth. Compared to this a long term investor can put their investment in high return assets enjoying compounding growth for many years and hence build greater wealth. Ignoring your portfolio Always ensure that you have a firm control of your portfolio. Do not interpret this as having to remain glued to your investments round the clock. However, checking it on a frequent basis would surely go a long way ...