The decision to invest is one most people don’t regret making. There are multiple benefits to investing a portion of income in various money saving (and earning) pursuits.
Your current lifestyle often provides a good baseline for your eventual retirement goals.
Investing helps you save money before you even see it. This is especially helpful if you have a hard time holding on to money. This setting aside a portion of earned income per month in investments can lead to potentially huge returns over the long run.
The trouble is the flip side of good investment is bad investment. It’s a fact that if you make bad investment decisions the results can be catastrophic. You need to know what you’re doing if you’re going to experience positive results.
There are a handful of mistakes newbie investors make that are easily avoided by more proficient investors. Below are 3 common mistakes and how to deal with them.
1- Selling too Early
If you know anything about making good investments, you know that not sticking by your investments is a huge mistake. Continue reading →