One of the biggest mistakes is jumping into an investment without proper research. Understand the fund's strategy, its past performance, and the risks involved.
Fees can eat into your returns over time. Always consider the expense ratio, management fees, and transaction costs before investing.
Just because a fund did well in the past doesn't guarantee future success. Diversify your investments and don't put all your eggs in one basket.
Markets fluctuate - it's their nature. Stay calm, think long-term, and avoid making decisions based on short-term market movements.
Regularly review your portfolio to ensure it aligns with your investment goals. Adjust your investments as needed.
Avoid these common mistakes and you'll be on your way to a prosperous future. Happy investing!