{"id":5906,"date":"2019-08-24T12:03:27","date_gmt":"2019-08-24T12:03:27","guid":{"rendered":"https:\/\/nebawealth.com\/?p=5906"},"modified":"2019-12-04T22:58:11","modified_gmt":"2019-12-04T22:58:11","slug":"7-investing-mistakes-people-make","status":"publish","type":"post","link":"https:\/\/nebawealth.com\/7-investing-mistakes-people-make\/","title":{"rendered":"7 Investing Mistakes People Make"},"content":{"rendered":"\n
But mistakes are also a learning experience. We have rounded up some of the biggest errors people make when it comes to investing, according to the experts, so that you don\u2019t have to learn it the hard way.<\/p>\n\n\n\n
Investing can get emotional\u2014 money can cloud choices with \u201cfear, greed, and nervousness,\u201d tempting investors to move their investments around, said Shelly-Ann Eweka, a certified financial planner.<\/p>\n\n\n\n
One of the best things you can do for your investments is leave them alone and focus on a long-term investment plan.<\/p>\n\n\n\n
\u201cAvoid impulsively selling an underperforming investment and stay the course with a diversified portfolio that is able to withstand inevitable short-term rises and dips in the market,\u201d Eweka said.<\/p>\n\n\n\n
Lumpy investing is when an investor invests inconsistently \u2014 and doing so can be a mistake, according to Chris Hyzy, chief investment officer at Bank of America Global Wealth and Investment Management.<\/p>\n\n\n\n
\u201cYou get a small bonus check or something like that in the early part of the year, you immediately put it to work, and you stop,\u201d Hyzy told Business Insider. \u201cYou\u2019re not a consistent investor over the course of months and quarters and years, etc.\u201d<\/p>\n\n\n\n
Investing inconsistently can prevent one from taking advantage of dollar-cost averaging, in which one invests a fixed amount of money in the market on a regular schedule to reduce risks.<\/p>\n\n\n\n