Top 3 Mistakes Millionaire Investors Make

Earlier this year DeVere Group conducted an interesting survey of 752 investors who have over $1 million in investable assets. Investable assets, such as stocks and bonds, are those which can be converted to cash relatively easily and they exclude physical assets like real estate. The survey asked these affluent investors what their biggest investing mistakes were before they started working with a financial professional. Here is what they found: Top 3 Results:  Leaning too heavily on historic investment returns (38%)  Not seeking professional financial advice (35%)  Failure to adequately diversify investment portfolio (21%) We have seen these same mistakes negatively impact many investors who are trying to reach their financial goals. It would not be difficult to argue that almost all investors have battled with one or more of these mistakes at some point in their lives. Let’s take a quick dive into each of the three results mentioned above to...

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