Learning from common investment mistakes
First, build a solid portfolio. Next, invest little and often, and stay in for the long game. Also, accept that you won’t be right all the time
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[SINGAPORE] It is sometimes said that mistakes are part of the dues that we are expected to pay for a full life. But it would be far better if we could avoid as many of the obvious ones as possible, especially when it comes to investing.
After all, Warren Buffett said there are two rules to investing: The first is never to lose money. The second is to never forget rule No 1.
So, the more mistakes that we can avoid, the less likely we are to lose money. It could also improve our investment returns. We will still make mistakes, though; it would be naive to think that we wouldn’t.
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