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Written by Peter Grandich via Grandich.com
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Saturday, 26 November 2011 04:03 |
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“Even among those who do plan, there are speed bumps along the way. In my three decades on Wall Street, I have seen many of the same mistakes time and time again. Here, I have assembled my list of Top Ten Biggest Investment Mistakes.
10. “Hot Potato” buying—Buying the popular stocks of the day or the latest get-rich-quick scheme. Unless you have a crooked rabbit, the turtle always wins this race in investing. 9. Believing publications—You see it all the time. Some magazine headline that reads “Ten sure-fire ways to riches,” or “Ten stocks to beat the market,” etc., all for the low, low price of a few bucks for that issue. While there are some really useful publications, magazines like Money who depend mostly on financial institutions for advertisement are, in my opinion, always tilted to the cup being half full and are not truly objective.
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