Every investor makes their fair share of mistakes. The 3 main problems rookie investors get caught up in are their emotions, speculation, and taking poor advice from others. That is why we have laid out a 5-point checklist of what you should and should not be doing in the investment market brought to you by Southridge .
1) You need to do a lot of research. This advice from Southridge Capital may seem like common sense, but you will be surprised to know how many investors do not do it. Know everything you can about the investment before locking it down. You also need to take advice from veteran investors who are genuinely accredited with the investing world.
2) You cannot time the market, so do not try it. You cannot pick “winners.” You need to pick investments that will do well over time. Vanguard’s 500 Index is a great place to start. They can give you all the information you will need.
3) You should concentrate on diversifying your investments. You can put all your eggs in one basket, but it is not recommended. Placing your eggs in one basket will set you up for a guaranteed fail.
How many of you have a 401(K) plan from your work? Stay with that. The market should be a place for the extra money. Remember the Enron Deal? That is the case in point right there. Visit their website southridge.com
4) You need to check your emotions at the door. This advice is repeated a lot but is applicable every time. Save the emotions for before and after you are done investing.
5) You should pay close attention to the fees. Some market options will have fees attached. You need to know how much it will cost you. One investment may look very enticing on theory, but unimpressive in practice.
Something To Think About
You may be losing 40% of your return. Our advice is to make sure that the pros outweigh the con on each choice you make. You may need that money for a rainy day. Visit their Facebook page.
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