When I started investing, I made almost every mistake possible.
If you’re new, save yourself some pain by avoiding these rookie moves:
1. Waiting Too Long to Start
You don’t need a lot of money. You need a lot of time.
2. Putting All Your Money in One Stock
It’s tempting, but diversification is how you survive volatility.
3. Panic Selling When Markets Drop
Markets dip. Markets recover. Selling during a panic locks in losses.
4. Ignoring Fees
A “small” 1% fee can destroy thousands of dollars over decades. Choose low-fee options.
5. Investing Without Learning First
Jumping in blind is dangerous. Spend a few hours reading before you invest a dollar.
Remember: Investing is a marathon, not a sprint.