As investors, many things keep us from getting started, including the fear of making mistakes.
So, in today’s episode, Kate & Owen are rounding up five common mistakes we see investors making with their money and how to avoid them. This includes:
👀 Investing without a plan and decision-making process
👀 Following the hype
👀 Becoming a collector of investments
One of our biggest suggestions for new investors is to write down a plan of attack before diving in. This gives you direction and keeps you focused, as it’s easy to get distracted by every new shiny thing.
We’d also encourage you to write down the reasons you make a particular investment, which you can review over time as you learn more along your journey.
✅ Action Tip: Create a Google Doc to record your investment decisions and outline your investment plan.
Stay tuned for Part 2 of this episode on Friday 💸
