Cyanase

Cyanase

2/18/2025, 9:58:36 AM

*3 COMMON INVESTMENT MISTAKES TO AVOID* Investing is one of the best ways to grow your wealth over time, but many people make costly mistakes that hinder their success. There are 3 major mistakes and several ways to avoid them. *Mistake 1: Lack of Planning* Many people invest without a clear goal or strategy. They buy assets randomly without understanding their financial needs or time horizon. *How to Avoid It:* • Set clear investment goals (e.g., buying a house, retirement, education). • Understand your risk tolerance (Are you comfortable with high-risk investments, or do you prefer safe options?). • Create an investment plan that aligns with your goals and risk level. Forexample; If you plan to buy a house in 5 years, investing all your money in high-risk stocks may not be wise. Instead, you could mix safer assets like bonds or unit trusts.

Cyanase

2/20/2025, 6:50:16 AM

*Mistake 2: Making Emotional Decisions* Investing based on fear, excitement, or market hype instead of research. Many people panic and sell investments when the market drops or buy when prices are high due to FOMO (Fear of Missing Out). *How to Avoid It:* • Stick to your investment plan, even when markets fluctuate. • Avoid reacting to short-term news, focus on long-term growth. • Make decisions based on data, not emotions. Forexample: In 2020, many people sold their stocks in panic when markets dropped, only to regret it later when the markets rebounded.