2. Not Calculating Your Liability

A good investor must always calculate his liabilities and others expenses attached to an investment plan. Before investing it is necessary to set your price and return targets according to your liabilities. As you are a newbie in the market, you cannot assume the perfect time to invest, so it’s better to lose a little chunk than making a huge lose. So don’t be overconfident about your portfolio. Assert only how much you have. Studies show that overconfident investors, especially the newbies, have a tendency of trading rapidly, as they think they have more knowledge than the person on the other side.

Also calculate the taxes related to your investments. If you are not good at calculating the taxes and fines then do seek help of a financial adviser. A adviser would not only help you to get acquainted with the various investment plans but also provide you with figures stating the exact return available with each plan.  Spending time in choosing a good monetary plan is always better than the time spending to correct our mistakes.