My Top 3 Investing Mistakes
Dividends4Life recently tagged me to write a post on My Top 3 Investing Mistakes. This series, originally launched by The Dividend Guy, is blasting through the blogosphere.
As the saying goes, “when you lose, don’t lose the lesson.”
Over Trading - After graduating from university in 1998, I found myself in a position to day trade $5,000 in a Royal Bank Action Direct account. I split my money 5 ways to buy high-tech stocks, and paid $29 per transaction; that’s $58 squandered away to buy and sell a stock. So, it didn’t take me long to realize that gluing my nose to the screen all day long was a high stress, zero-sum and money-losing game after fees. Which is why I’ve adopted dividend-investing as my preferred approach. It’s not intense. It’s positive-sum. It’s cheap since you buy and hold.
Allowing Emotions To Cripple My Judgment - One of my […]
Original post by Financial Jungle Guy