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| Name | 7 Mistakes Beginner Investors Make (And How To Avoid Them!) |
| Video Uploader | Video From David Marquez - Personal Finance & Investing |
| Upload Date | This Video Uploaded At 15-01-2021 00:15:09 |
| Video Discription | Here are 7 investing mistakes beginners make and how to avoid them. Many of these mistakes are things that still get some seasoned investors, and I would like to help you avoid them whenever possible. If you want to learn more about beginner mistakes in the stock market this is a great place to start. Start your investment journey With 2 free stocks. Open an account and get a free stock! Deposit and get another free stock! https://act.webull.com/vt/fi4LwXKG6vF8/5j2/inviteUs/main Open a free FDIC-insured savings account with Yotta! Every deposit helps you save money while entering you in our weekly sweepstakes with prizes up to $10 million. Use referral code DAVID443 and we’ll both get 100 tickets automatically entered into next week’s drawing! : https://withyotta.page.link/pCtQs8y3GmNW8Bns6 There's quite a few investing mistakes to avoid in the stock market if you are a beginner. The FIRST mistake I see people make often is running out of cash. One of the Stock Market 101 rules is that you should never run out of cash completely. It's always good to have some flexibility, and cash provides you that flexibility to take care of emergencies or jump on new opportunities that haven't shown themselves yet. The SECOND mistake that often happens is getting too emotionally invested in your investments. This is among the most common beginner investing mistakes I see, and one that can be easily avoided. Remember to use data, research, and information for your criteria. If you'd like to find out how to not stress while you invest, you can also find a video I made earlier about this. https://youtu.be/ErcMa9_4tfA The THIRD mistake investors make far too often is having no strategy. Ask yourself, what is the timeframe of your investment? What is your exit plan? What kind of gains are you expecting? All of these questions should have an answer, and if they don't, it may be time to take a step back and plan out a strategy. The FOURTH item, and one of the most important stock market mistakes to avoid, is that of not doing your due diligence and researching your investments. Even other kinds of investments such as real estate have data on neighbourhoods and population trends. There is plenty of data and reports available, and it takes little to no effort to take some time to read them. The FIFTH investor mistake I often see is forgetting about taxes. A lot of times when you gain money you can expect to be taxed, sometimes at higher rates than usual. Be prepared to save some money to pay taxes on them, and contact a professional if necessary. The SIXTH investing mistake beginners make is forgetting about commissions. Often times very sophisticated or large transactions will be paired with a commission, we shouldn't forget about these and should account them in our budgets and calculations. The SEVENTH investing mistake beginners make is that of focusing too much on irrelevant factors. Sometimes news can make us loose sight of the things that are important. People's opinions are everywhere, but in reality we must take into account the many different factors that give value to our investments, only this way will we realize just why we invested in them in the first place. |
| Category | Education |
| Tags | mistakes investors make | mistakes investors make and how to avoid them | beginner mistakes in stock market | stock market mistakes to avoid | stock market mistakes | beginner investing mistakes | beginner investing mistakes to avoid | beginner stock investing mistakes | beginner investor mistakes | investing mistakes beginners make | investing mistakes to avoid in the stock market if you are a beginner | stock market beginner mistakes | david marquez | financial education | investing 101 |
