π§ Intro:
Even smart people make rookie mistakes. Avoid these common traps in 2025. π§
1. Timing the Market β°
Itβs unpredictable. Invest consistently instead.
2. Ignoring Fees πΈ
High fees eat into returns. Use low-cost ETFs.
3. Lack of Diversification π
Donβt put all your cash in one stock or sector.
4. FOMO Investing π±
Chasing hype like meme stocks can burn you.
5. Not Researching Platforms π
Use regulated services like eToro or Freetrade.
6. Overlooking Tax Wrappers π§Ύ
ISAs or IRAs can save thousands in the long term.
7. No Emergency Fund π¨
Always have cash aside before investing.
8. Panic Selling π§―
Markets recover. Selling low locks in losses.
9. No Clear Goals π―
Invest with a purpose: retirement, house, freedom.
10. Following Bad Advice π
Donβt take TikTok tips without verifying.
π― Knowledge is profit. Bookmark this page and revisit often.
π Related Reading:
earn.mgtechs.com.ng
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