It seems like, as financial markets grow in complexity, investing is getting harder and harder for the amateur investor. As a result, it's pretty hard to be able to confidently say what you always should do with your money. It's easier, however, to name things you shouldn't do. The New York Times Bucks blog provides a good list of ten such mistakes to avoid, provided by Jerry Miccolis, Chief Investment Officer of wealth advisory company Brinton Eaton. Here's my favorite:
6.) Getting addicted to the financial media: Paying attention to financial news 24-7, according to Mr. Miccolis, will just increase your anxiety, since what the market does in a single day does not matter in the long run.
Read the full list at New York Times Bucks.
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