The biggest mistake one can do when making investments is investing in extremely complex options. It is easy to fall prey to the expensive looking investment that promises great returns but are not understandable in the present moment. It is advisable to avoid such a mistake and rather invest in options that are simple and easy to understand.
According to the investment expert and entrepreneur, Shaun Stenning, you should invest in industries and businesses you understand, because you know their system and workings. You will understand how their markets work, what is the best company in that space. If you have no direct experience in a company, avoid investing in it. If you still want to invest your capital in different areas then do so with caution and start small.
After a purchase of investment is done then plan to hold it forever or the longest you can. If you are thinking of selling and buying reasonably priced stocks then there is no use of the investment as the real good businesses require time to give high returns and for their value to increase. The returns earned on the constant and repetitive buy and sale of stocks flow out in the form of taxes and commissions taken by traders.
The best advice on stock investment will always be to buy right and sit tight. Trading activities are enemies of stock investments. Only the patient investors are rewarded as the stock price takes time to rise high and for their impact to be registered. It is best to work with a buy-and-hold mentality by holding the stocks for a really long time or as experts say forever.