You’ve probably heard that investing money in the stock market is the best way to grow your wealth over the long-term. But that’s only true if you avoid mistakes—and unfortunately, many of your natural tendencies can seriously handicap your ability to get rich on the stock market. For instance, we’re set up to listen to the news, follow the crowd, and run for safety when danger is afoot—but those tendencies can turn the stock market into a losing proposition. Here are some of the little investment mistakes you need to learn to sidestep if you want to make money from your investments. 1. Trading Too Much The more you buy and sell your investments, the greater your chance of losing money. If you invested $10,000 in the S&P 500 in 1995 and stayed invested through 2014, you would’ve earned 9.85 percent annually or $59,593. Yet, if you missed the best ten days during that 19-year period your return would have fallen to ...
Simplifying finance and money tips for smart living and wealth growth.