Top 10 Investing “Watch-Outs”
- Watch out for someone that recommends something that they cannot clearly explain so you fully understand it
- Watch out for taking greater risks than you need to
- Watch out for investments that do not bring you toward your goals
- Watch out for losses – they hurt more than gains help
- Watch out for the market tanking suddenly – it can – make sure you are protected
- Watch out for individual stocks tanking suddenly – they can – make sure you can absorb the loss
- Watch out for someone that says they can time the market for you – nobody can
- Watch out for spending more than you make – if you don’t reduce your spending or increase your income you will need to reduce your assets
- Watch out for falling into or remaining in stupid patterns
- Watch out for your assets or you could lose your ass – be organized
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