Five Common Investment Mistakes That Can Derail Financial Goals

Investing means putting money to work for a future goal.

First, decide what you are saving for, such as education, a home, or retirement.

Give each goal a target amount and a deadline.

Do not expect every investment to make money quickly.

Spreading money across different kinds of investments can reduce the damage from one bad result.

Try not to buy just because prices are rising or sell just because prices are falling.

Before investing, check whether you can afford the risks, fees, taxes, and restrictions.

A clear plan is usually better than copying other people or reacting to daily news.