•un-diversified portfolio: this one just dey like putting all your eggs in 😂 one basket. Which means say anything way sup for that basket go affect all your eggs. So make we try to spread our investment across other reasonable assets. then another major investment mistake na
No be say e no good to diversify your portfolio, but doing that no mean say you go achieve wetin you want without not investing in the right coins wey deserve the diversification. If you wan make your investment grow through diversification, you suppose research on other coins wey you wan invest into and make e no just be anyhow coin. E better to stick to one coin to earn some amount of profit than diversifying and ending up not making any profit.
• timing the market: This one done really affect many people, way be say them no dey fit hold investment or wait for the right time to invest. This matter way I dey talk so , done make some people sell some kind assets way them suppose hold for maturity too early, and also make some people go buy too early, so make we just allow the market do em thing, because these big moves way we dey find , to be honest, e dey take time.
And then the last major mistake na
To be honest, no body fit time the market and get it at their finger tip 100%. You just have to watch out for the right time to invest, looking and following the market trend at that time before taking an investment decision. You cannot always get it right, that is why e better make you use strategy like DCA in order to get a better result at the end of the day by buying timely.
•In-adequate research: This one na to dey make investment decisions without proper research and strategy, one thing we suppose know na say we need to understand how this thing works, no be magic, we need to go into comprehensive research to get the best out of our investments.
Research dey very good for investment and e dey help to decide the right coin wey you suppose invest on before taking that step. Research gives you an insight on how the coin you’re trying to invest in is qualitative for the long or short time. If a project is not clear and convincing enough to put money into, no talk say you wan try your luck make you come lose out on everything including your capital. It it’s not clear, don’t invest.