It took me six years in crypto to recognize these common mistakes, and I'll teach you in just two minutes:

1. Expecting Too Much: Setting realistic return expectations helps you maintain a long-term perspective and avoid emotional reactions.

2. No Investment Goals: Many focus on short-term gains or trends, neglecting their long-term financial goals.

3. Not Diversifying: Diversification protects your portfolio from the risks of a single asset.

4. Focusing on the Short Term: Short-term focus can lead to second-guessing your strategy and poor decisions.

5. Buying High and Selling Low: Emotional reactions during market fluctuations often hurt long-term performance.

6. Trading Too Much: Studies show active traders often underperform the market by 6.5% annually on average. (Source: The Journal of Finance)

7. Paying Too Much in Fees: Fees can significantly affect your returns over time.

8. Focusing Too Much on Taxes: Tax decisions shouldn't be the sole basis for investment choices.

9. Not Reviewing Investments Regularly: Regular portfolio reviews help ensure you're on track and make adjustments as needed.

10. Misunderstanding Risk: Too much risk can be unsettling, while too little can lead to lower returns. Find the right balance for your situation.

11. Not Knowing Your Performance: Tracking your investment returns (after fees and inflation) helps ensure you're meeting your goals.

12. Reacting to the Media: Negative news can cause panic, but remember to keep a long-term perspective.

13. Forgetting About Inflation: Inflation averages 4% annually, which erodes your purchasing power over time.

14. Trying to Time the Market: Market timing is difficult, and staying invested typically yields better results.

15. Not Doing Due Diligence: Check the background of your advisor on platforms like BrokerCheck for credibility.

16. Working With the Wrong Advisor: Take time to find an advisor who aligns with your goals.

17. Investing With Emotions: Stay rational, even during market fluctuations, to avoid emotional decision-making.

18. Chasing Yield: High-yield investments carry higher risks. Assess your risk tolerance before investing in them.

19. Neglecting to Start: Starting early matters—investing $200 monthly at 7% annual return can lead to significant differences over time.

20. Not Controlling What You Can: While market movements are unpredictable, consistent contributions can lead to powerful outcomes.

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