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Investors' 10 most common mistakes

A really great "top 10" list by Barry Ritholtz:
Investors' 10 most common mistakes
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I seriously recommend reading the whole article - it's not long - but here's the summary:
1. High fees are a drag on returns 2. Reaching for yield 3. You (and your behavior) are your own worst enemy 4. Mutual funds vs. exchange-traded funds 5. Asset allocation matters more than stock picking 6. Passive vs. active management 7. Not understanding the long cycle 8. Cognitive errors 9. Confusing past performance with future potential 10. When paying fees, get what you pay for
(okay, it's not clear from the wording that those are errors, but I'm not the grammar police, and they do point out things where one might make errors)
Share and enjoy!
--
David S. Meyers, CFP®
http://www.MeyersMoney.com
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Reply to
David S Meyers CFP
Nice article. Before reading it, I tried to put together a mental list and hit most of what was given.
I see the article refers to the brain as "wetware." I never saw this before. Is this colloquialism making the rounds?
Reply to
honda.lioness
Its been around for decades in the information technology field. They deal with software that runs on hardware, so...
Reply to
bo peep
snip
Is this colloquialism making the rounds?
"Wetware" has been around awhile. Just not used real often.
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Reply to
Reed

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