There Will Be Challenges When You Invest
Investing might be the greatest decision you will ever make for the betterment of your financial life. Even if you are just earning the minimum salary or generating the average income from your business, you can actually start investing for as low as P1,000 a month. You may ask, is it even possible to become rich with that kind of money monthly? Yes it is! If you let your money compound and let it sit there for a long period of time, say 10 to 20 years, you will be able to see the fruit of your hard work and patience. But for you to learn the movement of the market, there will be challenges. Those challenges are typically the mistakes committed by some investors today who have little investing knowledge.
Today, I am going to share with you the top 5 biggest mistakes investors commit while venturing into different investments. Use this information to avoid getting stuck in investment troubles and make your way to your financial freedom sooner.
Catch me in my live training events! (quick plug)
The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.
Stock Smarts Cebu — April 6 & 7, 2019
Investing Insights Japan – April 13, 2019
Stock Smarts Singapore — May 18 & 19, 2019
Investment Conference 2019 – May 25, 2019
Stock Smarts Manila — June 15, 16, 22, 23, & 29, 2019
Stock Smarts Iloilo – July 6 & 7, 2019
Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Qatar — October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019
Investing Late
What’s the best time to invest? The answer is now. One big mistake people commit is not investing early. You might think today is not the best time for some reasons like you have a good job, you’re earning a high salary, you still have money in your bank accounts, and other things that keep you from investing. Are you still going to wait until you reach the age of 65 for you to start your investments? Remember, it’s not about money, it’s about the time that you have.
Investing Without Enough Knowledge
The best investment for new investors is financial education. If you started investing in the market without knowing anything about it, it will just lead you to more and more losses. For the people who want to start their investments but have no knowledge or enough information to do it, try reading books for new investors and watching helpful videos. To avoid this mistake, help yourself to learn.
Not Diversifying Investments
Another mistake you are likely to commit if you have poor knowledge about investing is not diversifying your portfolio. If you put all your money into one investment alone, the tendency is you will lose it all if the market is bad. While if you learn how to invest in stocks, bonds, mutual funds, UITF, and commodities, the fall of one will not affect the others.
Investing Without Patience
Investing takes a lot of time, patience, and money. If you are impatient, your emotions are likely to affect your investments. Have your plan set as to how long you are going to invest. Ask yourself, are you here for the short term or for the long haul? If you are here for the long-term, you need to adjust and be patient until you reach your target amount.
Not Paying Attention To The Risk
The risk you are ready to take depends on what type of investor are you. Are you’re a conservative, moderate, or aggressive investor? If you are an aggressive one, you need to pay more attention because there are greater risk you are likely to encounter. One mistake you should always avoid is not managing the risk of your investment. Learn to plot your strategies in order to manage your investments.
