You may have visited other investment web sites or people mentioning that this company is doing well, that unit trust has potential, this country is blooming, that region is fantastic. "AAA" rating, call to "buy", call to "hold", call to "sell", call to "accumulate". The information are true but do you really understand how they come to those conclusions and the entry date and exit date for those recommendation ?? (They will never said that unless you are a ROYAL & HEAVY DUTY customer of theirs.) To be the truth, I do not and I am still trying to learn on that.
So mine answer for Mistake #1 is... ... ... Your brain ...Your knowledge ...
People tend to be stingy on a $1K - $2K short courses on investment but they are generous enough to throw in $5K - $10K into a "GREAT" advice from someone on a "POTENTIAL" shares, stocks, unit trust, options what so ever without even blinking their eyes. I was one of the guilty many. Therefore, those advices started my portfolio of "Long Term Investment".
Conclusion, unless you know someone influential and powerful, god bless you, you may want to share the TIPS with me. If not, please attend a course to understand what people are doing and how people behave to get your insurance before investing. Or if you have already started investing, not harm attending these courses to earn more.
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