6 common investing mistakes and how to avoid them
In this article Livewire shares six common investing mistakes. Cheap brokerage, low interest rates and government handouts drove a record number of new investors to the stock market in 2020. According to a report from ASIC, 140,231 new investors made their first direct share purchases between 24 February and 3 April last year. Roger shares his view that the most common of all mistakes is to wait too long to start. Read more here.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Sam
:
A fitting article for my recent observations over the weekend.
1. Uber driver telling me how to invest in the markets with all his confidence- he then told me he had only been investing for 4 months
2. Overheard a conversation of a group of young people at a cafe: All 5 individuals had been buying stocks for the first time this past year.
It seems like many casual/ first time investors are piling into the markets over recent months
With the aftermath of GameStop now evident, Interesting times maybe ahead