Not A Stock Wizard? Avoid These Investing Mistakes, Part 1

Read about the common mistakes people make when dealing with stocks.
  • ---Shares

Admit it . . . you're not perfect. Still, it would be nice to learn from someone else's mistakes for a change, or at least avoid making the same mistakes twice. With that in mind, here are some of the most common mistakes made by astute (and some not-so-astute) investors. Feel free to tally up how many you've made. If you tick off fewer than two, consider yourself a pro; three to five, you're an expert; six to eight, you need some help; more than eight, don't just sit there . . . rethink your actions! Read on to see how you fare.

Love me, love my stock. Everyone's heard the one about the stock inherited from grandma that began as a few measly shares and, through dividend reinvestment (and divine neglect), is now worth hundreds of thousands of dollars. The stock shares are like the Energizer bunny . . . they just keep going and going, and presumably they always will. Or will they?

Whether you're holding shares of a tobacco company, a soft-drink purveyor or a software developer, perhaps you should consider selling off a few of those wonderful shares and diversifying your portfolio a bit. (Before you do, however, be sure to check with your tax advisor.)

See our tips on Thursday, December 28 through Thursday, January 4 for parts 2 through 7 of this article.

Next Article:
This Brand Is Changing How We Shop for B...
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.