Avoid These Common Investment Errors

What do investing and tennis have in common? We could probably come up with a few similarities, but avoiding unforced errors has to be top of the list. In other words, while you can’t control what the market (or your opponent) does, you can do your best to ensure you don’t make avoidable mistakes with your own decisions.

With this in mind, here are some common investing errors to avoid:

Source: Ben Carlson, A Wealth of Common Sense

Part of being a successful investor does involve making the right decisions: taking intelligent risks that lead to long-run capital growth, for example. Yet as you can see, success also comes by avoiding certain errors that some individual investors make. And with apologies for the tennis pun, when people steer clear of these common errors, it’s usually reflected in their returns.