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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