5 Investment Mistakes to Avoid in 2012
2. Urge to Time the Market
Let’s face it, we all love predicting the outcome of various stocks. This over-enthusiasm of ours can be painfully wrong not just for us but to people we have been preaching to. Never try to time markets and stocks all by yourself. It is what financial experts and analysts do as they are adept at it. Volatile markets and economies make investing behave like Brownian Movement. Correctly predicting the nature of stocks is very difficult. As even the best of companies have tumbled in the last year, try and go with what experts say rather than your gut feeling. As Warren Buffett says, “Stop trying to predict the direction of the stock market, the economy, interest rates or elections.”
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