Saturday, July 20, 2013

12 Mistakes Beginning Investors Should Never Make

Millions of Americans have sat on the sidelines during the four-year bull market, nervously wondering if they should put their money at risk, and thereby having missed out on some colossal gains. Yet beginning investors are always afraid of making costly mistakes, and unfortunately, that only leads to more procrastination -- and more missed opportunities.

The best way to avoid common investing mistakes is to get fair warning about them before you make them. With the goal of giving beginning investors knowledge they can use to steer clear of potential pitfalls, here are 12 mistakes that beginning investors often make.

1. Paying too much in expenses to invest hurts your results right out of the starting gate. Instead of choosing funds with up-front sales loads and hefty annual expenses, aim your fund investments toward no-load funds with lower fees. Over your lifetime, the savings can add up to hundreds of thousands of dollars.  (more)

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