Expensive Investment Mistakes that are Easy to Avoid

Saving your hard-earned money isn’t easy, so the last thing you want to do is make a bad—and costly—investment decision. Here are some common mistakes to avoid.

• Timing the market. Moving in and out of investments to avoid ups and downs is an excellent way to lose money. Instead, make sure you have the right asset mix, then stick with it.
• Chasing yesterday’s returns. Just because an investment performed well in the past doesn’t mean it will continue to do so. Instead, maintain a long-term strategy involving solid, stable investments.
• Believing claims that are too good to be true. Promises of very high returns usually involve very high risk. Instead, take the slow and steady route to financial security.
• Selling when things get scary. Millions of people resorted to panic selling in 2008 when markets plunged. As a result, they took maximum losses. If they’d stayed invested, they could have preserved and grown their money!
• Following the advice of TV finance shows. TV provides entertainment, not advice. The only person who gets rich off such shows is the host. Hire a responsible planner and stick with a sensible plan.

If you’d like help avoiding these mistakes, I’d be happy to introduce you to one of my trusted local financial planner partners. Give me a call today.

Kupina Mortgage Team – www.kupinamortgage.com