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How could a practice that has destroyed the fortunes of countless investors not have risk?
However, Kiyosakis point was that the investing mistakes you make are what actually have a negative impact.
Learning to avoid these mistakes can help reduce your risk andincrease your chance of investing success.
Not Understanding Your Investments
Buying your first real estate investment is an eye-opening experience for most people.
you’re free to spend weeks doing research, but avoiding oversights entirely is challenging.
Perhaps you have budgeted for future repairs, thoroughly researched the neighborhood and studied projections for thelocal housing market.
This is why exhaustively researching and understanding your investments prior to purchasing them is critical.
Another example is in stock investing.
However, that doesnt mean stock investing is easy.
Fear, including the fear of missing out, can be hard to fight.
This is why its critical to tune out most of the chatter you hear from other people.
Whoever that person is, they arent you.
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