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10 Investing mistakes and how to avoid them

Nick Louth outlines simple rules for investing success

I've been investing now for almost 30 years and over that time it has become clear that investing for long-term gain doesn't have to be difficult or complex. In my new and fully revised investing guide, Multiply your Money*, I've endeavoured to show that while it's fun to try to beat the market, just like a seasoned Investors Chronicle reader, that isn't actually necessary. Market-average returns are actually fine, if you start early enough, invest consistently and keep costs low. For the less experienced it's a truly simple route to wealth creation (see 'It's not complicated'). For the more experienced investor, dealing with individual shares as well as funds, things are a little more complex. There are still plenty of easy mistakes to avoid. Here, then, are 10 common errors.

  

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