You might heard that stock market investors have lost $1.78 trillion, but keep in mind that the stock market has yielded an average 8%-10% return annually over the last 114 years. Since the start of this year, the market drops 5% to 15% globally, it’s easy for investors to give up and panic. Kiplinger lists seven biggest mistakes investors can make. Avoid these mistakes would help you tremendously in your financial life.
- Panic and sell
- Quit buying
- Get sucked into the 24-hour market news cycle
- Have too much in one asset
- Fail to rebalance
- Splurge needlessly
- Stop contributions