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Investing can be a great way to grow your wealth over the long term, but it can also be a daunting and confusing experience, especially for beginners. Investing requires knowledge, discipline, and patience, and even experienced investors make mistakes.
In this article, we will discuss the top five common investment mistakes to avoid as a beginner investor, based on my real & painful experiences.
If this article can help one of my readers avoid one small mistake, it would be more than worth it.
Here we go.
1 — Failing to do your research
One of the biggest mistakes beginner investors make is failing to do their research. Before investing in a company or a stock, it’s important to understand its financial health, its business model, its competitive landscape, and its growth potential. Investing blindly without doing your research