Ep 93: Rookie Mistakes Even Experienced Investors Make

<p class="MsoNoSpacing"><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-style: italic;">  Even if you’ve been saving your money and investing for a long time it’s easy to make rookie mistakes. On this episode, we’ll cover some of the top rookie mistakes we see people make, illustrate how to avoid them or how to fix them if you’ve already made some mistakes in your financial life.</span></p> <p class="MsoNoSpacing"> </p> <p class="MsoNoSpacing"><strong><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-style: italic;"> Here’s more of what you’ll learn on this episode: </span></strong></p> <ul> <li class="BodyA"><span style= "font-size: 14.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-fareast-font-family: Arial;"> First mistake: Having investments with no purpose. We’ll share some examples of what that means. <span style= "mso-spacerun: yes;"> </span><strong>(3:16)</strong></span></li> <li class="BodyA"><span style= "font-size: 14.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-fareast-font-family: Arial;"> Second mistake: Not understanding risk. Every investment carries risk and you need to know what that is. <span style= "mso-spacerun: yes;"> </span><span style= "mso-spacerun: yes;"> </span><strong>(7:09)</strong></span></li> <li class="MsoNoSpacing"><span style= "font-size: 14.0pt; font-family: 'Arial',sans-serif; mso-bidi-font-style: italic;"> Third mistake: Making emotional decisions. We’re all guilty of doing this and it can hurt long-term returns. <strong>(14:57)</strong></span></li> <li class="BodyA"><span style= "font-size: 14.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-fareast-font-family: Arial;"> Fourth mistake: Following ‘hot tips’ when picking investments. <strong>(19:04)</strong></span></li> <li class="BodyA"><span style= "font-size: 14.0pt; line-height: 107%; font-family: 'Arial',sans-serif; mso-fareast-font-family: Arial;"> Fifth mistake: Forgetting about the investment fund fees. <strong>(24:1