At year-end specialists tend to summarize and teach, while being relatively frugal in its forecast for next year. Here are some of the biggest mistakes to avoid in investing in the next year, according to Ben Carlson edition of Wealth of Common Sense:
1. Take investment decisions based on their political views The political situation in the country and the world is quite unstable and often things get out of control. Governments and leaders fall and are replaced by new ones with very different views on the economy and business. So do not base their investment decisions on the basis of political affiliation.
2. Mistaken investment profile and horizon with those of another That you know has spent a yield of 50% per year, does not mean that you can expect similar results. When comparing with other investors, first compare whether you risk profiles are the same, equal Is your tolerance for loss and what time your horizons.
3. Constantly trying to "Taimyr" market The market is cyclical and wavy. Do not try to catch any movement up and down. Instead, focus on achieving long-term goals. Otherwise there is a danger of "buying at the top and sell at the bottom constantly" and enter a spiral of permanent losses.
4. Lose its long-term vision Investors often dwell on the market everyday to the point they forget what they were set at the beginning of long-term goals. There is no way to implement them if they are faded and sunk into oblivion.
5. Pay higher interest rates and commissions Many investors do not take the amount of fees and commissions paid to their brokers. However, they can often reach considerable size. Take the bill because it could seriously eat your profitability. 6. Trade too often Osobenovazhi aforementioned people who are active traders. Achieving long-term goals often requires frequent reaching for trade and contrary. Fair Trade means that you may lack long-term vision for the market.
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