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Avoid making impulsive investment decisions from "summary" of Investing Basics for Beginners by Razaq Adekunle
Impulsive investment decisions can be detrimental to your financial wellbeing. When you make decisions based on emotions or sudden urges, you are more likely to overlook important factors that could impact the success of your investments. It is crucial to take the time to carefully evaluate your options and consider all relevant information before making any investment decisions. One common mistake that investors make is letting fear or greed dictate their actions. For example, if the market suddenly takes a downturn, you may feel the urge to sell all your investments out of fear of losing money. On the other hand, if you see a particular stock skyrocketing in value, you may be tempted to jump on the bandwagon without fully understanding the risks involved. Another pitfall of impulsive decision-making is the lack of research and due diligence. Without taking the time to thoroughly investigate an investment opportunity, you ar...
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