20 Common Investing Mistakes 12.06.2023
Understanding that the world of investing and wealth-building is filled with opportunity, not only for growth but also for errors, at Towerpoint Wealth we believe our role is to raise awareness and help our clients and friends avoid investing mistakes as they work to build and growth their net worth and move toward a more prosperous financial future.
To that end, we’ve created a special four-part educational video series, focusing on 20 of the most common investing mistakes to watch out for, as identified by the CFA Institute.
Are you aware of, or even making, any of these common investing mistakes?
In this, our first video of the series, we look at the first five investing mistakes people make and answer these questions:
- How can we manage having impractical expectations?
- What does it mean to have a shorter-term focus?
- What is performance blindness?
- What’s the best way to react (or not react) to bad news?
- And, what exactly does emotional investing mean?
Like taking a penalty in hockey or a personal foul in basketball, building and protecting net worth requires avoiding mistakes as much as it requires careful consideration, discipline, guts, strategic planning, and sometimes even a little luck. In the second video of our series on the 20 most common investing mistakes to avoid, we focus primarily on risk management.
Since committing common investing mistakes can directly interfere with getting your money’s best performance, part three of our four-part series focuses on five investing mistakes we know we shouldn’t make, but sometimes do anyway.
In our final video of the series, Joseph Eschleman, answers these questions:
- What does it mean to do a portfolio checkup?
- How regularly should you do a portfolio checkup?
- Why is it important to account for inflation within your investment portfolio?
- Why in the world would an investor buy high and sell low?
- What can be consistently controlled within your financial and investment plan?
If you would like to discuss your financial portfolio, how we help clients build and protect their net worth, or learn more from our wealth management firm’s white papers, blog posts, and educational videos, click below.
