• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • RECOMMENDED BOOKS
  • FREE TOOLS
  • CONTACT US
  • ABOUT

The Fortunate Investor

Investing, Business & Personal Finance For Wealth Builders

  • Save Money
  • Invest Your Money
  • Get Out of Debt
  • Making Money Online
  • Family & Money
  • Taxes
  • Business
  • Retirement
    • Retirement Calculator
Home » Don’t Slip Into These Hidden Pitfalls When Investing

Don’t Slip Into These Hidden Pitfalls When Investing

March 18, 2019 By The Saving Gal | This article may contain affiliate links. For more information visit our Disclosure

Tweet
Share
Pin
Share
Share

Don't Slip Into These Hidden Pitfalls When InvestingAre you thinking about growing your investment portfolio? Perhaps you have started to save substantial amounts of money and now you want to take things to the next level? How do you do this? What steps do you need to take? Well, rather than thinking in terms of what you need to do it’s useful to instead think about what not to do. Unfortunately, there are a lot of issues here and problems that must be addressed. If you do not do this, then it could cause any potential investment to crumble.

Or Knowledge

You might assume that you don’t need any expertise or knowledge to start investing. This is technically true and Forex is a fantastic example of this. Forex is often marketed as the investment choice for the untrained and indeed the unknowing. However, it’s important to recognize that while you can invest in this without any knowledge, your chances of seeing profits are greatly reduced. Instead, it’s likely that you will make mistakes that those trained will avoid.

The same is true for investing in any company or industry. If you have knowledge of a company that you are investing in, you will understand the signs of when to sell and when to buy. You will always be aware of some of the red lights that more experienced investors can spot on the market.

No Assistance

You might think that you can tackle the investments alone. While you can, this doesn’t necessarily mean that you should. Indeed, there are various experts on the market who can help support you and will ensure that you find a greater ROI. For instance, an investment broker will help ensure that you find the absolute best possibilities for your money. While a financial planner, will make sure that any plans that you make do match your budgetary requirements and your long term goals.

You could even seek out help to make larger and more significant investments. For instance, rather than investing in one apartment, you can connect with a group of investors to buy a full apartment building. Greater investments will almost always lead to greater returns.

Too Good To Be True OffersTax Trouble

If there is one issue that new investors always slip up on it’s definitely going to be tax. This is particularly true for new or exciting investments such as Bitcoin. You might be wondering how bitcoin works and the answer is actually a great deal more simple compared to the question of how you pay tax on it. That’s because the laws for taxes on Bitcoin investments are not quite as clear as other possibilities on the market. So, you will need to invest in the help of an expert or even the software that will make this possibility easier to handle.

Too Good To Be True Offers

Finally, it’s easy to get blindsided by fantastic offers that are seemingly too good to resist. You must avoid this at all costs because rather than real investments, these could be scams. If you’re not careful, you could lose everything before you have even begun.

  • About
  • Latest Posts
The Saving Gal
The Saving Gal
The Saving Gal
Latest posts by The Saving Gal (see all)
  • Five Reasons Gold Bars Are A Wise Investment - March 22, 2022
  • How to Take a Holistic Approach to Employee Productivity - February 21, 2022
  • Business Theft: It Can Happen To You! 7 Ways To Protect Your Business - February 14, 2022

Primary Sidebar

Popular Articles

save business money go green

Cut the Cost of Running Your Business By Going Green

Unless you have been living under a rock for the past five years you will know just how important … Read More about Cut the Cost of Running Your Business By Going Green

4 Office Services Every Business Should Have

Successful businesses are built on the quality of the office. Without a productive environment, … Read More about 4 Office Services Every Business Should Have

Start Growing Your Small Business Right Now

Start Growing Your Small Business Right Now

Start Growing Your Small Business Right Now If you feel like you’re running out of time with your … Read More about Start Growing Your Small Business Right Now

How To Make Your Real Estate Ventures A Lot Smoother

How To Make Your Real Estate Ventures A Lot Smoother

Anyone who has entered the property world will know that it’s a pretty lucrative business if you get … Read More about How To Make Your Real Estate Ventures A Lot Smoother

every investor

7 Current Economic Policies Every Investor Should Know About

The rate at which the U.S. economy has grown over the past decade has been unprecedented. However, … Read More about 7 Current Economic Policies Every Investor Should Know About

Footer

TOPICS

SAVE MONEY
INVEST MONEY
REDUCE DEBT
MAKE MONEY
FAMILY & MONEY
TAXES
START A BUSINESS
RETIREMENT

THE FORTUNATE INVESTOR

ABOUT US
ADVERTISE
CONTACT US

The Fortunate Investor focuses on personal finance topics to build wealth. Topics include saving money, investing, managing debt, family and money, taxes, making money, college planning, starting a business, coupons and retirement.

SOCIAL MEDIA

FACEBOOK
TWITTER
PINTEREST
INSTAGRAM
YOUTUBE

Copyright © 2022 Fortunate Investor. All Rights Reserved. | Disclaimer & Disclosure | Privacy Policy | Terms of Service