What investment pitfalls should I be on the lookout for?

  • Don’t invest emotionally. It is better to keep a moderate controlled approach to investing as opposed to constantly chasing the jackpot which can be dangerous.
  • Don’t trust tips. If you aren’t the head of a large investment firm, by the time a tip reaches you, it is probably too late.
  • Pay attention to your investments. Stay involved with what your investments are doing, don’t rely solely on others helping you.
  • Reevaluate. Your financial situation may change over the course of time, be sure that all of your investments are still appropriate.

Posted in: Developing a Financial Plan

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