The Entrepreneurial Dash Episode 23 – Things To Avoid When Doing Investments
Investments are the commitment of something (time, money, or effort) in order to gain a greater return. Investments are loosely classified as “good” or “bad” depending on whether the return is positive or negative. An investment is a form of saving or deferring consumption, and may or may not be useful to the economy.
In a financial context, long-term investment is a class of assets meant to be held onto for a longer period of time. This type of investment is generally riskier, but usually has a greater potential for growth over the long term. In contrast, short-term investment is a class of assets meant to be held onto for a shorter period of time. This type of investment is generally less risky, but usually has a lower potential for growth over the long term.
Investing can be tough. There are a lot of risks, and it can get really complicated. In fact, the more you get into it, the more you realize that you understand less and less about it. And that’s why it’s important to know about the most common investment mistakes. And then avoid them. And a lot of people make a lot of dumb mistakes. Like talking about how much money they make, for example.
That’s a big no-no. Or bragging about all of their success. Don’t do it. Or trying to get rich quick. Don’t do that either. No matter what the investment is, it’s important to understand that it takes time. Time and patience. And that’s an important part of any investment.
The first mistake that a lot of people make is that they invest without prior knowledge about the field. It is not possible to put your money in a field that you have no knowledge about. You should take a bit of time to learn about the companies that you are investing in. If you don’t have the time to do it yourself, you should take help from a financial planner.
We all have that friend or family member who has had a great return on their investment. They probably have a few great stories about their investments too. But what happens when you make an investment mistake? It can be devastating. You lose money, you lose sleep, you lose friends. But the most important loss is your time. Time is money, so when you are investing your money, you are also investing your time.
Investors make mistakes because they do not know what to look for. They make mistakes because they do not review their portfolio or their investment strategies. They make mistakes because they are swayed by the promises of salesmen. But what are the most common investment mistakes? Most of the mistakes are obvious, but some are not.
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In his episode, Shailesh is giving a talk on how investors can be confident about their decision-making process. He explains why it’s so important to be confident about one’s decisions and outlines what not to do when it comes down to future investments.
There’s no reason to get greedy when it comes to investment. If you’re looking for a good return, you should know that you’ll often get better results if your assets are spread out rather than concentrated in one area. All it takes is some simple market research and knowledge of what’s already come before to see that trying to predict the future is never easy, especially in the stock market where even the experts say it’s impossible.
With so much valuable investment advice in this episode, it’s one you just can’t miss in order to keep your investment plans on the right track.
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Horizon International School, Dubai