These are the 8 biggest investing mistakes, according to financial professionals
Investing is key to building wealth, but you could undermine your efforts if you make some common errors. Recent research from the Natixis Global Survey of Financial Professionals identified the eight biggest investment mistakes financial professionals believe are the costliest errors you can make. Here's what they are. 1. Panic selling A whopping 93% of financial professionals identified panic selling as a top investing mistake, and with good reason. When you see your investment account balance start to fall or the economy starts to look shaky, it's hard not to make bad decisions based on the fear of losing everything. Unfortunately, selling when the going gets rough is a surefire recipe for disaster. It means you'll always end up selling low and missing out on the recovery that almost inevitably follows any market correction. The good news is that this error is easy to avoid if you have a solid investment strategy. If you're confident in your investments, you can s...
