A lot of people are clueless about investing not just because they don't have a financial background but simply because they are ignorant. The few that do try to start investing are so selfish and what to do everything on their own. They have become so consumed by their thought and forget that its takes a village to build an empire.
To make the best investments and actually succeed in investing you need support and assistance as well as professional guidance. There are tonnes of financial investment companies which offer valuable insights into investment and savings. Redick Marketing is one of those companies. Yes, we do standout from the rest in terms of service delivery and and many other things but our main reason for existence is to help people from all backgrounds make the right investments for their future.
Below is some of the big mistakes you are probably making right now.
1.Not Starting Early Enough
Somethings in life do not come with a start and end manual but when it comes to financial investments the best time to start is now. A common reason people make this mistake is thinking that you have to be wealthy before you start your investment planning. Another reason is people think after their first draft is finalized, they are somehow done. investment planning is dynamic just like life. While you are alive it must be updated in order to stay relevant.
2.Saving More
We clearly understand and value the concept of saving and investing at the same time, hence we take it into considerations to build our values around it. Over saving happens when you save to a point where you can barely enjoy the fruits of your hard earned returns. Many people are failing to save and those who do tend to over save. We always advance our clients to save less and invest more. Basically what we mean is, if you are saving and investing a total of $1000 a month. If monthly savings is $700 and $300 goes into investing. It would be wiser to invest $700 and save $300, this way you can ensure you finances grow and the returns are much higher.
3. Using the Wrong Broker Many trades have lose thousands and even millions on financial markets because of a bad broker choice. One of the hardest things when it comes to choosing the right broker is that many "leopard" brokers come covered in "sheep skin". Spotting a bad broker from a distance is quite challenging and almost impossible especially if the broker authorised and has a licence to operate. This is where our services come in handy to everyone looking to start trading and or find a new broker to use.
4. Investing in Markets Beyond Your Worth
Investing in high yield opportunities sounds intriguing and a faster way to score big profits. Don't let high returns promises fool you into any investment. "The higher the returns, the higher the risk". Although we encourage people daily to take risks, there is no excuse for taking uncalculated risks. Know how much you are worth and how much you are willing to loss should your investment not payoff as expected. I've had people who invest into financial markets and expose all their capital on one single trade, only later to blame the broker of "scamming" then. Whatever your invest should be what you can afford to lose.
5. Emotions
A lot of people who let their emotions be the judge of their final investment decisions loss 99% of the time. The 1% who actually do benefit from the investment, it is solely because of luck. In the financial world emotions tend to get in many investor's decision and to be successful in investing you have to master how to control your emotions. Ever heard of emotional blackmail and how it affects the final decision. That exactly how investing with your emotion works, you invest on things you wouldn't do if you never got your emotions involved.
Conclusion
Although investing can be done by anyone, it is quite challenging when you have no experience and professional guidance. Before starting your investment portfolio figure out how to overcome the common mistakes above.
Was this information helpful to you. Contact us today to discuss your investment action plan.