Top 5 Pitfalls Investors Should Avoid

No. 2: Trying to patch up a failed investment

Humans have an innate inability to accept that they have failed. This is why a vast majority of investors will still try to make something happen, even when it is beyond obvious that a certain investment is a complete failure. Investors try to convince themselves that they really haven’t made a bad choice and will end up putting even more money into a venture that wasn’t going to work from the get go. Instead of losing more money, try to admit that you haven’t exactly made the right choice and earn your money back through other investments.