Welcome to the Investing for Beginners podcast! In today’s episode it’s all about beginner investor mistakes and why you should avoid them like a plague! Listen on as Dave and Andrew discuss timeless mistakes every starting investor makes. Remember, you don’t need to pay a high “tuition” price to be humbled by the market!
Timestamps of the episode:
-Why day trading isn’t for every one and probably not for you too. [01:54]
-The allure of leverage is doubling your gains but doubling your losses also with the latter happening oftentimes [05:33]
-Putting all your eggs in one basket is another sure fire way of losing your money. Remember you’re not Warren Buffet. [08:55]
-Why timing the market will do you more harm than good. Hindsight is always 20/20. [11:04]
-Getting into the “hot” stocks of the day is a bandwagon every beginner investors should avoid. [13:34]
-Panic selling shows more of your understanding of the business itself than the market. [16:15]
-Buying solely because of the dividend yield is a trap. [20:05]
-Watching too much financial news must be avoided like a plague. [22:40]
-Following and buying the same stocks as what an online “guru” recommends. [27:23]
Note: Timestamps may differ and are approximate, depending on your podcast player.
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You can find the transcript of today’s show below: