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Investing Mistakes To Watch In 2009

Hello everyone. Are you ready for 2009? Now that we can put 2008 behind us and hopefully all the issues that went along with it, let’s get to some good trading for the new year. Like last year we want to limit the investing mistakes that can easily happen if you’re not careful. So let’s look at what we can avoid to help us in the new year.

The number one mistake that people make and if you were one of the millions that lost money last year, you just might be thinking of doing this. The biggest mistake that you can do is to not invest at all. Sitting on the sidelines watching it happen while no investing is number one mistake. Even if you can invest $20 a week, it’s better than nothing at all.

The longer you put off investing, the less you’ll have when it’s time to retire. Of course you have to have your current financial situation in order, but once that’s done, you have no excuse not to be investing.

Another mistake that people make when investing is they try to get rich quick. Let’s get one thing straight, trying to get rich quick is not investing, it’s gambling. If you want to gamble, go to Vegas. Investing is a long time strategy not a quick fix approach to financial security.

Mistake number three is putting all of your eggs in one basket. If you want to invest, you need to spread the capital around in different areas of the markets as well as different vehicles (i.e. stocks, bonds, CDs etc.). Doing so will help keep you from losing any of you money in one big sweep. Stocks and other types of investment vehicles will go up and down, but not all of them will go in the same direction at once.

Collectibles are not investments. Yes, the first issue of Spiderman is worth a lot of money, but it won’t grow all that much in the future. Don’t expect to sell it to help your kids through college.

I hope that these tips will help you in the coming year. Be patient and happy trading.

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One Response to “Investing Mistakes To Watch In 2009”

  1. stock investment says:

    As per current trend of stock market it has been seen that once stock market rise at higher speed it down also with same speed and if stock market have gone down there is more possibilities of getting up. This is the current market trends but it can be change in future.

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