Carter Boyle: Five Investing Mistakes First-Time Investors Need to Be Wary Of
If you are a first-time investor, investing will probably involve a lot of trial and error. Financial analysts like Carter Boyle, not only manage their finances, but they also help their clients avoid the following common investing mistakes: 1. Getting too attached to a company. Some investors “fall in love” with a company they have invested in, especially when they see it doing well. This kind of attachment will ultimately affect your investing decisions moving forward. It’s best to keep in mind why you bought the stock of a particular company in the first place – should the fundamental reasons change, it may be time to consider selling the stock. 2. Investing without a plan. Investing blindly is most akin to gambling and may end up with you gaining lower returns – or worse, losing money. The best thing to do is to put a lot of thought into your investing strategy and make sure it’s based on positive ex...