Common Investing Mistakes for Beginners (How to Avoid Them)

Investing for the first time? Hold on to your hats (and your wallets)!

Investing can be exciting, but also a little intimidating. Before you jump in, it’s important to be aware of some common pitfalls that can trip up even the most enthusiastic beginner.

In this blog, we’ll walk you through some of the biggest mistakes new investors make, and crucially, how to avoid them altogether. Let’s make sure your first foray into investing is a smooth one!

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Common Investing Mistakes Investors Make

1. Lack of Planning and Goals

The thrill of watching your money grow can be incredibly motivating, but diving headfirst into investing without a plan is a recipe for disaster. Before you start browsing stock tickers, let’s address two common mistakes that can trip up beginner investors: lack of planning and neglecting your risk tolerance.