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Common investment mistakes investors should avoid

Starmix

Starmix

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If you want to become an investor you need to have a strong personality and gut. There are many things to prepare and consider, likewise, many types of personalities you will encounter once you are there. You will be proud of yourself once you start investing but do not forget the downline and the downside in case you will forget things that may harm your investment and cause a sudden downfall of it. Therefore, you need to avoid the following to have a smooth sailing of your business. 1. Being distracted by negative news 2. Trying to time the market 3. Keeping hold of losers 4. Believing cash is king, and Putting all their eggs in one basket. Try to avoid them and always have them as part of your planning.
 
There are also other mistakes that investors make including having the wrong strategy for themselves. It's good to understand what you're getting into, the risks, how much to expect from it and what you'll do if things ever go wrong.
 
Personally the best thing we all consider before investing our money on any business is that know the business type and do some research and study about the business we want to invest on then the second thing is never to invest the money we don't afford to loss.
 
As an investor never be distracted by negative-minded people, because they will want to kill your dreams and see you suffer. If you understand it then you must not tolerare them, stay away from them, and go on with what you believe is good for your business.
 
True, there are some peoples who don't like you to see succeed and get good life, even they discourage you when you start your business they say that "it is not profitable or you wouldn't make it, or some times they say you are too weak for this job" i don't know why peoples some time be like that.
 
Starmix said:
There are envious people with crab mentality but if you're strong they can never pull you down. Their actions are destructive. It's so obvious and jealousy will surely kill them.
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Yeah, you are right and there is also need to be vigilant, you have to know when people envy you because it will always show in their reaction and their words and try to avoid thee people because they can bring one down.
 
Abdulhamid01 said:
Yeah, you are right and there is also need to be vigilant, you have to know when people envy you because it will always show in their reaction and their words and try to avoid thee people because they can bring one down.
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Let us always avoid them and yes we have to be keen because they are treacherous. They are one factor that may harm your business. It is better to watch their moves because they might harm us and the business.
 
Starmix said:
There are envious people with crab mentality but if you're strong they can never pull you down. Their actions are destructive. It's so obvious and jealousy will surely kill them.
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You are right, jealousy is the worst thing, if a person have jealousy then he or she will never prosper and will never change, some times those peoples stop their work and trys to attack and stop your business.
 
Kirubel said:
You are right, jealousy is the worst thing, if a person have jealousy then he or she will never prosper and will never change, some times those peoples stop their work and trys to attack and stop your business.
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Jealousy kills too and it's a normal feeling however we need to control our emotions. Let the mind think about the best possible option.
 
Starmix said:
Jealousy kills too and it's a normal feeling however we need to control our emotions. Let the mind think about the best possible option.
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You are right, i really hope that i don't get the feeling of jealousy over my friends or over any person, it is very bad and hard feeling, it will destroy our mind set, and all we will focus is on destroying others success. and we will get mad if the person get successful.
 
Kirubel said:
You are right, i really hope that i don't get the feeling of jealousy over my friends or over any person, it is very bad and hard feeling, it will destroy our mind set, and all we will focus is on destroying others success. and we will get mad if the person get successful.
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That's why let's avoid jealousy for it ruins our business and the good friendly relations with people foremost our customers in business.
 
Starmix said:
That's why let's avoid jealousy for it ruins our business and the good friendly relations with people foremost our customers in business.
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You are right, lets avoid becoming jealous and focus on our works and becoming a better person, and no one like a jealous peoples.
 
Starmix said:
If you want to become an investor you need to have a strong personality and gut. There are many things to prepare and consider, likewise, many types of personalities you will encounter once you are there. You will be proud of yourself once you start investing but do not forget the downline and the downside in case you will forget things that may harm your investment and cause a sudden downfall of it. Therefore, you need to avoid the following to have a smooth sailing of your business. 1. Being distracted by negative news 2. Trying to time the market 3. Keeping hold of losers 4. Believing cash is king, and Putting all their eggs in one basket. Try to avoid them and always have them as part of your planning.
Click to expand...
What you mentioned is very correct because investors needs to followed some good strategic to succeed on a business. Being active and following market trends can really help.
 
Ifiokke said:
What you mentioned is very correct because investors needs to followed some good strategic to succeed on a business. Being active and following market trends can really help.
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You are so right, as an investor, it is not just about to invest but how to invest, where to get the right targets, and how to process your plans. Also, they must ask themselves if they have the skills and know-how.
 
There are [possible mistakes an investor must avoid not only those we mentioned, but they could also be personal that may affect the investors' interests and motivations. Personal problems must be set aside from investment. Solve the problem first.
 
One of the most common mistakes I see people making when it comes to investing is investing without analyzing their risk tolerance level. You should not only understand the risk of the assets you are investing in but also how much risk you can afford.
 
Kirubel said:
You are right, lets avoid becoming jealous and focus on our works and becoming a better person, and no one like a jealous peoples.
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That is true, we have to avoid it, and we need to fight risks that block our business from succeeding. We should avoid mistakes in investing and one is overspending and careless life.
 
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