Investing can be a thrilling journey and a hassle at the same time, especially if you don’t know what lies ahead or how to navigate this path successfully without errors. Examining the industry, we realised that most investors make certain mistakes that can mar their returns and financial growth.
Since we promised you the opportunity to make money, learn and grow, we sought expert opinions from Emmanuel Egobi, a seasoned financial expert with over twelve years of experience to shed light on the basic mistakes investors have encountered in their sojourns and how to sidestep them.
Here are his savvy insights and approachable advice that have helped many and we believe that it can be handy for you.
Undefined plan
Many investors jump into the market without defining what they hope to achieve and it can be disastrous with disappointing returns. “The first step to any successful investment is to establish a clear and measurable plan that has your goals and realistic expectations. Any structure without a plan is bound to crumble .Let your investment choice align with your plan, only then can you truly make money.”
Letting emotions run your investment
Fear kills faster than death. You can not invest and be scared that it will not yield profit because it may actually not yield as a result of your fears. This is why great philosophers say we are what we think. Hence, kill every form of fear and negative emotions that may stampede your financial growth and soar like an eagle to your financial rest.
Ignoring Risk
Because it is said that investment business is a risky business does not mean that when clear risks are staring you in the face, you should ignore and wallow in it. That would indeed be a risky business. Instead, consider your age, income at the time of investment, financial obligations and your comfort level. These will guide you to decide what type of investment risk you can take and what you cannot take. You must not invest 10 million naira because your friend did the same. Invest the amount you can manage its risk and maybe increase overtime. Do not venture into it if you haven’t accessed the factors outlined.
Failing to reposition
Most great investment companies like Credlanche Limited have a team that accesses the financial market globally to know how to position or reposition. Now, it’s expedient too for you to always rebalance for greater investment rewards. Failing to reposition is a mistake as you won’t know what to expect at a certain investing period and how to go about it for your own money’s sake. It’s not magic! All you need do is be in the loop about market trends and know when to adjust your investments.
Not willing to do it the digital way
The only constant thing is change. Not willing to change is an investment mistake. If you can’t beat it, join it. And as it is, you must be a digital babe, too. Credlanche limited is known for its digital savviness and fintech solutions to generate wealth for all. You can’t afford to be traditional about this. We are here for you, I mean you reading this blog. We are taking banking beyond the four walls of bank premises and into your pocket. All you need to do is open your devices, log into our app and experience banking beyond bank.
Our interest rates are not only sweet, consider it as awoof! So it’s either you bank with us or you bank with Credlanche limited. Anyone you pick is a good investment choice.
Come closer, ditch investment mistakes and let’s talk about how to grow your money like a green fruit garden, lush and beautiful.
Chat Taye on (234) 812 – 3778 – 399 or walk into our offices at Abuja: 3rd Floor, Novare Central, Wuse Zone 5, Abuja or Lagos: 7B Adekunbi Crescent, Off Allen, Ikeja, Lagos. We have great professionals to handle your investment for maximum rewards.