All of our financial investments have been put on a long pause of doubt in light of the scenario the world is going through, and making mistakes at this time is something you cannot do.
No one knows when we will have the new normal in Brazil, right? We are talking about this in relation to the end of the coronavirus, which has already started to reach a worrying peak of growth.
Financial investments are always a challenge and a possibility of gains or losses, this will depend on how your money is being invested, there are common mistakes that many people say that you, as a beginner financial investor, need to avoid.
How to invest without making huge losses? This is probably one of the questions that always comes to mind for those who want to invest money in a bold project or a promising new business.
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Check out 3 financial investment mistakes you should avoid below.
Leaving your money idle for too long.
It's okay that you want to make financial investments in something very specific, but the idea of leaving your money idle for a long time is not a good idea for financial investments, according to most financial experts.
What we have learned from great investors is that leaving your money idle for a long period of time can devalue it over time. In other words, this means that, given a different macroeconomic scenario, your money will be worth less than expected.
Therefore, idle money means unprofitable money.
The second investment mistake is: market research
This is undoubtedly another big mistake, but you will certainly ask: how can market research be a big investment mistake?
If you are thinking about investing your money in a business, there is no point in watching two or three videos on YouTube and reading half a dozen articles without being sure of the source of that information.
When we talk about financial investments, we are also talking about investing in knowledge, not just money.
So, you will need to invest in knowledge, how? Talking to people who already work in the investment market, reading books by people who have achieved excellent results. In-depth research is necessary, don't be an amateur. Your money needs to be invested well.
And lastly: partnership error.
Big investors agree on the following maxim: “no one builds a building alone.” This means the following: do you want to invest? Look for partners, stay close to people who also want to grow with you. Look for trustworthy partners.
This last mistake is linked to the second one, investment research. When you search for knowledge, you will find someone who can share your dream of investing and starting a business.
If necessary, take out a personal loan online or even at a bank you have a relationship with.
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Source: Rich Blog