Common Investor and Trader Blunders
Forgetting Your Time Horizon
Don't invest without a time horizon in mind. Think about if you will need the funds you are locking up into an investment before entering the trade. Also, determine how long—the time horizon—you have to save up for your retirement, a downpayment on a home, or a college education for your child.
If you are planning to accumulate money to buy a house, that could be more of a medium-term time frame. However, if you are investing to finance a young child's college education, that is more of a long-term investment. If you are saving for retirement 30 years hence, what the stock market does this year or next shouldn't be the biggest concern.
Once you understand your horizon, you can find investments that match that profile.
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- dimsum·2021-12-24Stock trading is risky, and retail investors must be cautious in trading.1举报
- RonaldNixon·2021-12-24Great. I hope our retail investors can make money every day.1举报
- RosalindElinor·2021-12-24Thank you for sharing! Good luck. Merry Christmas1举报