Chapter 17

Ten Top Mistakes Made by Online Investors

IN THIS CHAPTER

Bullet Finding out about common mistakes online investors make

Bullet Avoiding the mistakes that can eat into your returns

Bullet Getting answers to questions before you make a mistake

Bullet Understanding that it’s okay to make a mistake once

When people tell me they’re afraid to start investing online, most of the time it’s the fear of making a mistake that’s holding them back. With its jargon, formulas, charts, and Wall Street slang, investing online can seem scary and intimidating. For some investors, the thought of managing their money by themselves is overwhelming. The fear of making a mistake and losing hard-earned money is too much to bear.

Calming these fears is what this chapter is all about. After answering thousands of emails sent to me by readers of my various columns over the years, I’ve heard it all. Most of the mistakes investors make can be neatly placed into ten categories, each of which I explain in this chapter. By reading about the common mistakes other online investors make, you’ll probably think twice before committing ...

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