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16 July, 16:34

What are common mistakes people make when investing? Check all that apply.

They put all of their money into one kind of investment at a time

They divide their funds between more risky and less risky options

They analyze their comfort level with the types of risk they will take

They invest more money than they can afford

They focus heavily on familiar investment opportunities

They hold onto investments longer than they should to recoup losses

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  1. 16 July, 18:10
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    - They invest more money than they can afford.

    - They focus heavily on familiar investment opportunities.

    - They hold onto investments longer than they should to recoup losses.

    - They put all of their money into one kind of investment at a time

    Explanation:

    Investing more money that you can afford could directly bankrupt you if the investment is somehow failing.

    Familiar investment opportunities tend to attract a lot of people. This could cause the value of your investment to fall because many people are buying it.

    Often times, smart investors need to aware when they should acknowledge loss and get out before too late.

    Smart investors would diversify their portfolio. If one of their investment fail, they can still have a chance to recoup the loss by allocating the profit from other investment.
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