Top Investing Mistakes Beginners Make (10 Reasons Why You Can't Make Money)

My 10 beginner investing mistakes to avoid. I've made these mistakes when investing in the stock market. These beginner investing tips will help you avoid the mistakes!

From my own personal experience, I am guilty of a lot of these investing mistakes. Hopefully after watching this you’ll be better able to make good investing decisions, avoid investing losses, and get enjoyment out of investing money.

There are many ways to make money. Interest in the stock market has again skyrocketed as the stock market hits new highs, bitcoin hits highs, and there is investment FOMO.

But it is important to remember that if you choose investing as a second source of extra income, you don’t get caught up in the hype and noise. Easy investing and stress free investing do not have to be impossible.

Here are the reasons we’ll talk about in the video.

1. Setting unreasonable goals. You might ask yourself, “How do I double my money in 1 month”. And that might be unreasonable in many cases unless you take on significant risk!

2. Investing in things you do not understand - This means you are easily susceptible to investment scams or dishonest online investing gurus!

3. Short Term mindset - Although it is possible to make quick money investing, it’s not always the best strategy. For many people a more consistent long-term investing approach, focused on value investing is best.

4. Investing money you cannot afford to lose. Forces you to act on emotion, rather than logic.

5. Sell when things get bad - You see your money disappearing and panic, but usually this means you are selling at the bottom.

6. Buy only when things are good - You buy expensive stocks, and reduce your potential future investment gains.

7. Selling too early - I have given up large gains because I sold stocks too early. I tried to figure out how to time the stock market, and it left a lot of money on the table.

8. Too involved - Apps like Robinhood seem to make this one worse. Online trading has made it easy to see how your money is performing. But this will make your investment decisions more based on emotion. If you are confident in your stock picks, let it sit there without checking for a few months. If you are not confident, it might be a good idea to adjust your investment strategy.

9. Listening too much to others - Ever hear those ads about Top Stocks To Buy in 2021? Well they make you overthink everything. If you can’t handle that, make simple investments.

10. Try things that are too complicated - Put options, call options, margin buying, short selling, technical analysis. It’s all a bit too much for the large majority of people. Most of us just don’t have the time to learn enough about stocks and investing to actively handle our own investments. So don’t! It’s perfectly okay to choose passive investment funds, or hire a money manager.

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Видео Top Investing Mistakes Beginners Make (10 Reasons Why You Can't Make Money) канала QuinnTalksMoney