Investing seems intimidating, but it’s actuallypretty easyonce you get started.
Of course, you’re able to still make mistakes, and those mistakes can be costly.
Here are a few of the most common ones to avoid.
Openfoliois a website that lets youcompare your investing strategy to others'.
They then compared this performance with the users' equivalent target date fund.
A target date fund offers a standard return in a certain time frame.
In simple terms, Openfolio compared how much those investorscould haveearned investing versus how much they actually earned.
By not diversifying into funds and ETFs, they were less invested in the broad market.
They held too much cash and so were under-invested.
This is in a year where the S&P 500 is up 13.6%.
Of course, the nature of their method isn’t fool-proof.
For example, it doesn’t necessarily measure performance over time.
Over years, it’s possible these particular portfolios could’ve bounced back.
For more detail, check out their full post.
Are you making these simple mistakes?| Openfolio
