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In today’s video we discuss some of the common investment mistakes made by novice investors and how having a financial advisor would have helped to mitigate these mistakes.
Some examples discussed in the video are cases where someone buys an investment without having a strategy to sell the investment. Or, a strategy is in place, but when the moment to sell arrives the investor “moves the goal posts”, or becomes emotionally caught up in the investment and is unable to make the correct decision. Additionally, novice investors don’t always consider the tax consequences of buying and selling investments.