EQ Guide: 10 Common Investing Mistakes
Investing successfully is difficult and time consuming. In this guide EQ illustrates some simple errors made by many investors that can have a big impact on returns.
Deciding to invest is one of the first steps to securing your financial future. However, if you are considering the do-it-yourself approach you need to be prepared to learn new skills to avoid potential pitfalls. These downsides can have a huge impact on investment returns, which experienced professionals are qualified to avoid.
In this guide, we give you some tips on how to avoid the most glaring mistakes. When considerable assets or a significant portion of your retirement savings are at risk – please bear these in mind.
Amongst the issues covered are:
- Behavioural biases arising from the way our brains work, such as being unwilling to accept losses,
- Portfolio management techniques such as diversification and regular rebalancing.
- How to avoid investment scams
Some Other EQ Guides
Coming into money isn’t something that happens often. Before you commit yourself to spending, investing, giving gifts or even giving up your job, here are some tips on how to make your windfall work for you in the long run.
EQ is a Chartered Financial Planning firm able to offer a wide range of services to private clients including tax optimisation, retirement income planning and estate planning.
The April 2015 Budget saw the most radical changes to the pensions landscape for a generation, but the new flexibility on offer is only available to personal pension holders. Members of final salary schemes can only access the new rules by transferring to a personal pension.
This guide explains how planning ahead of time can provide for – and in most cases reduce – the amount of tax that is ultimately due on your estate.