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6 Mistakes to Avoid in Your Investment Portfolio (Including One that Almost Everyone Makes)

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Published on May 23, 2019

Successful investing takes patience. There is no Holy Grail or magic, risk-free formula that ensures success and worry-free sleep. In short, investing involves some risk-taking. However, here are six mistakes you can avoid in your investment portfolio.

Mistake #1: Owning too much of the company for whom you work
That’s like putting too many eggs into one basket.

Mistake #2: Failing to rebalance your portfolio regularly
Financial planning should be a dynamic process that requires review as your life changes.

Mistake #3: Making knee-jerk reactions
In a market movement event, it seldom pays to act on emotion or fluctuations.

Mistake #4: Speculating in the market
Focus on solid businesses that have been performing well for years, not new, flashy stocks in hopes of a quick lift.

Mistake #5: Losing Patience
A disciplined approach and following a plan is the best way to achieve your goals.

Mistake #6: The mistake most everyone makes? Waiting for a losing stock to get back to its original cost basis
You not only could lose the entire value, but you also lose out on the opportunity cost of investing elsewhere.

A firm like Carnegie Investment Counsel can help take the emotion out of investing. Visit carnegieinvest.com for more.

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