- Don’t invest at all. You can’t do worse than someone who doesn’t invest at all.
- Guessing instead of performing accurate analysis. Simply throw money at the hottest deal in town.
- Invest in things you don’t understand.
- Take too long to decide on what to invest in.
- Give up too quickly when you face challenges.
- Expect quick and easy gains.
- Cry to the entire world and promise never to invest again when you lose some money.
- Be too cautious with your money and hide it under the mattress.
- Refuse to learn from mistakes and keep doing the same thing.
- Refuse to gain new knowledge and to try out new investment opportunities.
- Have no clear reason why you are investing in something.
- Invest in too many things and fail to concentrate on a few ventures you can really master well.
- Invest in something because all your friends are doing the same thing.
- Celebrate too early and upgrade your lifestyle when you make some little money from your investments.
- Borrow too much to fund a risky investment idea.
- Invest too little in terms of money, time and effort.
- Fail to keep proper books of account and to set up proper systems.
