3 Investing Mistakes That Are All Too Common
Investing can seem daunting when you're just starting out, but growing your wealth this way isn't as difficult as most newbies imagine it to be. That said, there is risk involved, and it is possible to lose money, especially if you make the three common mistakes listed below. Keep them in mind as you continue your investing journey and do your best to avoid them at all costs.
Investing in businesses you aren't familiar with can be risky, even if the company is a leader in its industry. When you don't know how a business makes its money, you have more trouble predicting how its decisions will affect its stock's performance. But when you understand how a company works, you can more easily identify red flags that might signal a possible downturn.
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Source Fool.com