My investing mistakes

I began my investment journey in early 2020 after years of believing that I wasn’t able to due to rumours that you have probably all heard. Of course, I had to start somewhere and I still call myself a beginner investor today. As a result, I have made my fair share of mistakes.

I thought that today I would share these with you to help you avoid them!

Not starting sooner

Investing seemed very scary until I started. I was under the common misconceptions that you could lose all your money and that “investing is just for the rich”.

However, investing is easier than ever in 2021 and you can start from as little as £1 on your phone!

Listening to others

I did a lot of research into stocks that I believed in, and still do believe in.

Yet, I also listened to random people on the internet and decided to buy random stocks which have well and truly flopped.

Make sure to do your own research, due diligence, and ignore the noise that other people are making.

Trying to beat the market

I like to think that I have a strong portfolio of individual stocks. However, my Trading212 portfolio is yet to out-perform my Nutmeg portfolio.

In the current market, it is difficult to compare safer ETFs to tech-heavy growth stocks but the next few years will be a real indicator.

Listening to my gut

Gut instinct is a strong feeling and something that should be left out of investing!

I have wanted to put more money into certain stocks but didn’t because my gut said not to, only to watch the value of the stocks rocket in value.

You have to completely separate your emotions from the stock market else they will be all over the place.

How can you invest?

Check out our free investing guide here

Want to see my portfolio?

Download Getquin to see my full portfolio: https://getquin.onelink.me/IQfD/thebankenging