Top 10 Mistakes to Avoid When Starting Your Stock Portfolio #stockportfolio
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Top 10 Mistakes to Avoid When Starting Your Stock Portfolio #stockportfolio



Misconceptions abound about starting to invest in stocks. GOBankingRates considers 10 mistakes, their consequences, how to avoid them and what to do instead.

We all make mistakes when it comes to finances and investments, so don't waste time beating yourself up. You're better off consoling yourself with the mantra, "It's not about perfection, but correction." When it comes to starting a stock portfolio, it's oh-so-important to remember that the very beginning represents a foundation. And you don't want to build on sandy ground. You don't want cracks in it. And you don't want your amateur, know-it-all Uncle Ralphie foisting his lame advice on you. Misconceptions abound as to starting an investment portfolio, and the research backs this up. A shocking nine in 10 investors have poor diversification, while six in 10 investors pay too much in fees, according to a 2015 analysis of 250,000 investors compiled by SigFig, the world's largest online portfolio optimization platform. If you're just getting started, you can load up on wisdom -- and know which investment mistakes to avoid -- before taking the first step, even as you learn about the most...

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