The reason why most investors will fail is that they believe beating the markets is possible and that they can accurately predict when to buy or sell. This is where emotions drive decisions and lack of knowledge can cause huge financial losses.
One of the common investing mistakes beginners make is trying to time when to buy, sell, or look for ways to make fast cash. Day trading or trying to time the market is highly risky and can quickly cause you to go broke.
Do not blindly trust recommendations or follow others without understanding what you’re investing in. It goes with real estate, businesses, art, anything.
When you invest, you should be looking at different assets and in different sectors that can weather against downturns and help your portfolio stay balanced.