The seven deadly sins of investing

clock

There are many traps that investors can unwittingly fall into. Investor website rplan outlines some of the most common mistakes:

The 7 deadly investor sins, according to rplan, the investor website offering a range of free to use tools (www.rplan.co.uk): Sin no 1. Following Fads Fashions come and go in investing, often to the detriment of individual investors. A good example of an investment fad was the 'dot-com bubble' – which was followed by an enormous downturn. Many of the 'dot-coms' became insolvent, and those who had followed the trend lost money. Instead of trying to guess the next 'big thing', create a well-balanced portfolio which will bring you decent returns, at a level of risk level that you are co...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA360: It is 'impossible' to pick out the best asset class every year

PA360: It is 'impossible' to pick out the best asset class every year

‘The outsourced route is one that a lot of advisers are now taking’

Hope Coumbe
clock 26 April 2024 • 2 min read
PA360: Framing of information to investors 'extremely pervasive'

PA360: Framing of information to investors 'extremely pervasive'

Consumer Duty states consumer biases must not be exploited

Jenna Brown
clock 25 April 2024 • 1 min read
Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read