Having proper mindset when investing allow investors to obtain a realistic perspective of their investments. Due to misconceptions about investing, some investors may be disappointed when their expectations and needs are not met. Investors who have a realistic expectations of their investments are more likely to achieve their long term financial goals.
Below are several misconceptions about invest8ing which investors should be aware of in their investment:
i. Quick Gains
One of the biggest roadblocks in achieving the successful of long term investing is impatience. Investors need to remind themselves that investments are for the long term mostly. As such, gains made from investing may take some time to be realized. Impatience investors, in their quest to chase returns, may not give their investments enough time to perform adequately.