There is no perfectionist in the world of investment, investment is an unpredictable world on its own, anything can happen to a promising stock at any time and there is no perfect predictor of the stock market maybe a lot of people would not mind paying the person just to get information about the next stock to invest in.
As much as there is no perfect rule for stock, there are some very common investment mistakes that a lot of people make on a regular note, from these regular mistakes we can obtain lessons and avoid falling into the same pit that people failed to avoid in the past.
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Investing and trading are two different things.
Investors are those who believe in a company and they buy the stock and hold it for a long time because they believe it would yield returns even if it is after two or five years to come but the case is different for traders, traders believe in making profit off their funds immediately, they could trade for a day or a week and remove their funds the moment they realize there is an increased value price of the token.
The mistake of emotional investment.
There is a usual urge to begin to invest in a coin whenever there is a rise in the price of that coin but this is a very wrong investment decision. Investment should only be done when you believe in a company and have studied the benefits you will enjoy on a long term base while investing in that company. Those who invest based on the noise made about a coin usually end up with regret at the end of the day.
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Wasting so much time before starting.
The big mistake that makes people regret is waiting for a long time before they begin to make investment, time changes everything about investment so the earlier you begin to invest, the higher your chances are with getting benefits.
Thinking that stock is the only available investment type.
When people hear about investment, they only think that stock is the only investment option but there are also other investment types that can be done without going into stock, there is an availability of real estate investment and several other types of investment that are very much transparent to operate.
Investing with everything we own.
Investment is great but it only begins to provide interest at the long run, it is necessary to put aside money that could be used to run other daily need and payment of bills than to place everything in an investment that might not yield returns until the next few years.
And the other thing, is not taking action when the time is clearly right, but instead, getting caught in "watch mode." I remember when I had a well-researched stock and advised my sister to invest in it. At the time, it was $14 a share and was a great moment to get in early. She sat on her hands and watched until it hit $114 and at that point began to think about getting in. Too late! it began a steady pullback and she used that to justify not getting involved.
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Hi @evernoticethat
Interesting story you tell your sister. That tells me, or rather, confirms that investments are not for everyone. It is something that deserves, besides knowing how to investigate, it implies patience, knowing how to wait for the moments of entry and exit. It's not something for everyone.
You bet! And it was good to find out early on that she isn't that kind of person. Saved us both a lot of time. :)
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It has happened to me with people I have invited into Hive. There are always many questions:
Where does that money come from?
Then explain to them that it is the blockchain, that they are algorithms that are solved, but that because of the votes you win here. Afterwards, I tell them that this can be transformed into fiat money if they wish... really, it's a process, and those who are focused on the traditional, it's hard for them to see that this is also a form of investment, if they want to. By natural condition, upbringing or education, there are those who simply are to work in the traditional way and stay away from any investment.
Right. It's almost like a sifting, shaking that filter until you meet those 3 out of 100 people who are receptive to what you have to say and are willing to take action on what is put in front of them.
Nowadays, I can tell pretty quickly if someone is worth my time. Gone are the days of trying to convince everyone. We only have so many trips around the Sun allootted to each of us. However, when you run into those people with the wisdom to process the information along with the willingness to act, it's a complete joy.
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Very good comment friend @evermoticethat
A few days ago I read a sentence that said something like "the longer you live, the more your time is worth, because you have less time left"... It seems like a fatalistic phrase, but no, it is real.
So, time must be dedicated to people who really value it, and who can also take advantage of this social network, as well as any other investment approach.
Also, before I used to dedicate time to help many people get in but they ended up leaving, so, now I am more selective with whom I share this information.
Hello friend, I agree, there are many mistakes that are made when investing, I think we need to educate ourselves very well about it and learn to manage our emotions! Greetings!
Hi @frederickbangs
For investments one must always think, of course, it does not imply that one must dedicate years to it. And also it is necessary to control the emotions, to separate them from what has to do with business, because emotions are not usually good advisers in these things.