The process of investing is a great way for you to earn potential income. Hardly any people have the knowledge to be able to suceed, however, so many people rely upon brokerages to manage their portfolio for them. There are, however, some common investing mistakes that people make that can result in huge losses and missed opportunities. Here are a list of the absolute worst mistakes to avoid when investing in the stock market.
Mistake #1 – Invest When Youre Old
You are never too young to start investing in the stock market – in fact, it’s recommended to get started sooner. The perception of investing is that it is reserved for older, financially established people who can invest large sums of money. This is a misconception that is limiting people from tapping into the power of investing. Waiting just ten years can make a huge difference in the total gains that one can make over their lifetime. For example, investing just $2000 a year (thats just $170 a month) starting at the age of 26 can yield $2,114,379 by the time you are 75. This is with an Annual Return Rate (ARR) of 10% per year steady through the life of the investment. The same...
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