Along the way, you may make a few investing mistakes, however there are big mistakes that you absolutely must avoid if you want to be successful. For instance, the biggest investing mistake that you could ever make is to not invest at all, or to put off investing until later. Make your money work for you, even if all you can spare is £20 a week. Something is better than nothing.
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While not investing at all, or putting off investing until later are big mistakes, investing before you are in the financial position to do so is another big mistake. Get your current financial situation in order first and then start investing.
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Don’t invest in get-rich-quick schemes. That is the riskiest type of investing that there is and you will more than likely lose. If it was easy, everyone would be doing it.
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A common mistake that a lot of people make is thinking that their investments in collectibles will really pay off. Again, if this were true, everyone would do it.
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