The Biggest Investing Mistake During a Market Crash
Description
The biggest trap when markets are falling is the news.
Watching your portfolio daily and consuming market headlines pulls your focus to the price, not the business.
Regardless of what markets are doing, hundreds of thousands of people are still showing up to improve the companies you own. Microsoft alone has over 200,000 of them. That does not stop because the share price dropped.
Skip the news. Read a quarterly report. Understand what the business is actually doing.
Otherwise you are just barracking for the share price. That is not investing.
General advice only. Please consider your personal circumstances or speak with us before acting.
Robert Goudie is an Authorised Representative (No. 235974) of Consortium Private Wealth Pty Ltd (AFS Licence 495401)
The information provided in this article is general in nature only and does not constitute personal financial advice.