7. I Will Invest When the Market is Hot

It is typical herd mentality of human beings to go with hear-say. The same trait is also exhibited by inexperienced or naïve investors. Going by what most of your fellow investors are doing is ill-advised. You should never go by hear-say when it comes to the stock market. When it comes to the stock market, doing your homework will help you way more than listening to your investment buddy. Stick to the market when others are retrieving and retrieve when others are jumping in. Also, Value Investing is highly advised by Warren Buffett.