Posted by: Justmoney.co.za on 7 July 2014By Jo-Ann Bailey ​​​​Are you investing wisely? Knowing about some common investment mistakes, can help prevent them from happening to you. Investing without a clear plan of action. Many people neglect to take the time to think about their needs and long-term financial goals before investing. Unfortunately, this often results in their falling short of their expectations. You should decide whether you are interested in price stability, growth, or a combination of these. Determine your investment goals. Then, depending on your timeframe and your tolerance for risk, select mutual funds with objectives similar to yours.Meddling with your account too often. You should have a clear understanding of your investments so that you are comfortable with their behaviour. If you keep transferring investments in response to downturns in prices, you may miss the upturns as well. Even in the investment field, the "tortoise" who is more patient, may win over the "hare".​

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