Ep # 74: Investment Losses Hurt. Avoid These 5 Mistakes!

Markets are volatile. Investment losses can hurt, but they're going to happen if you're investing.  In this podcast episode, we identify five common investor mistakes that set people back when they take short-term losses and compound the problem by feeling like they need to do something different. We feel that if you want long-term success, these are five things you should avoid doing, even when you get emotional:  Stop saving and contributing to your investment accounts Selling when the market is downChasing trends & returns when things are going well (fear of missing out)Paying too close attention - checking account balances dailyDon’t invest money you may need in 12-18 months (3 bucket theory)Source: https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets/Tracking # T003871Thanks for listening!If you want to be notified when the next episode will be released, you can:Subscribe to the ShowFor more insights on everyday financial planning questions,  go to www.haasfinancialgroup.comContact Us:Email us at [email protected] advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.