Mar 2, 2023
Even if you’ve been saving your money and investing for a
long time it’s easy to make rookie mistakes. On this episode, we’ll
cover some of the top rookie mistakes we see people make,
illustrate how to avoid them or how to fix them if you’ve already
made some mistakes in your financial life.
Here’s more of what you’ll learn on this
First mistake: Having investments with no purpose. We’ll share some
examples of what that means. (3:16)
Second mistake: Not understanding risk. Every investment carries
risk and you need to know what that is. (7:09)
Third mistake: Making emotional decisions. We’re all guilty of
doing this and it can hurt long-term returns.
Fourth mistake: Following ‘hot tips’ when picking investments.
Fifth mistake: Forgetting about the investment fund fees.
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