Avoid these investment mistakes
TEMECULA – Everyone makes mistakes in many areas of life. These mistakes are usually fairly harmless – we took a wrong turn while driving, used the wrong ingredients in a recipe and so on. But sometimes, our mistakes can be costly – especially those connected to investing.Here are some of the most common investment mistakes.
Too much buying and selling
Some people find it exciting to constantly buy and sell investments in the pursuit of big gains. Yet, frequent trading can work against you in a couple of ways. First, it can be expensive – if you’re always buying and selling investments, you could rack up taxes, fees and commissions. Perhaps even more important, though, excessive purchases and sales can make it difficult to follow a unified, cohesive investment strategy. Suc