Dodging Pitfalls: How to Keep Your Portfolio on the Right Track
Building wealth through investing isn’t just about picking winners—it’s also about steering clear of mistakes that quietly chip away at growth. The truth is, many investors know the basics but still stumble because of habits or blind spots. The good news? With a little awareness, you can sidestep these traps and give your money the chance to thrive. Let’s explore the most common missteps and how to avoid them in everyday investing. Mistaking Activity for Progress It’s easy to think that the more you tinker with your portfolio, the better your results will be. But constant trading often leads to higher costs, more stress, and worse outcomes. Imagine planting a tree and digging it up every few weeks to check its roots—it won’t grow faster, and you’ll probably kill it. Instead of measuring success by how often you make moves, look at whether your investments are aligned with your long-term goals. Sometimes the best action is doing nothing at all. Letting Emotions Drive Decisions Markets ...