Stocks have been on rampage since they hit their lows in 2009. Just in 2013 alone, the stock market gained 30%. And because of the recent gains, more individual investors have been getting into the market. And if you are one of the new investors, you will probably make a few mistakes before finally figuring out how stock investing works. Here are six of the biggest mistakes that new investors make in the stock market. I am guilty of all of these mistakes when I first started investing in stocks.
The last several years have done a number to many people’s nestegg. Many people who relied on their 401k for their approaching retirement were no longer able to retire because their 401k lost so much value in the market due to the credit crisis. If you want to protect your 401k from massive losses, follow these three tips. These tips are designed to protect your assets moreso than growing it. Therefore these tips are meant for those who are going to retire soon(ish). But if you follow these tips, you should also see some good growth in your 401k.