Healing Frequencies & Relaxing Sound Therapy's video: The Top 3 Don ts of Investing for New Investors

Are you just starting out in the world of investing? Then you'll want to avoid these three common mistakes that many beginner investors make. In this video, we'll go over the top 3 don'ts of investing for beginners so you can set yourself up for success and potentially achieve your financial goals. First and foremost, don't day trade. Day trading involves buying and selling securities within the same day, and it's a strategy that's often pursued by inexperienced investors who hope to make quick profits. However, day trading is a high-risk, high-stress activity that's not suitable for everyone. In fact, it's estimated that over 90% of day traders lose money. If you're just starting out, it's best to focus on long-term investments that have the potential to grow over time, rather than trying to make quick, short-term profits. The second don't is: don't invest all your capital. It's important to keep some capital on hand so you have the flexibility to take advantage of new investment opportunities that may arise. By investing all of your capital, you may miss out on opportunities to grow your wealth and diversify your portfolio. Instead, consider setting aside a portion of your capital for short-term needs and emergencies, and allocate the rest to long-term investments that have the potential to grow over time. This way, you'll have the financial resources to seize new opportunities and potentially increase your wealth. And finally, don't forget about capital gains taxes. If you sell an investment for a profit, you may be required to pay taxes on those gains. The tax rate you'll pay will depend on how long you held the investment and your income tax bracket. It's important to keep track of your capital gains so you can accurately report them on your tax return and avoid any potential penalties. So there you have it: the top 3 don'ts of investing for beginners. By avoiding these mistakes, you'll be well on your way to building a solid foundation for your investment journey.