11. Look at the Investment as a Whole
When selecting the right investments for you, one of the biggest mistakes you could make is only looking at past performances. In that case, you won’t see the bigger picture, which could essentially rob you of a good investment.
Other factors that financial advisors urge you to look at are your overall portfolio diversity, fees (which could take up a hefty chunk of your money), and personal risk tolerance. With all of those in mind, rethink your strategy and then decide if it’s a good idea to ignore a particular investment.
Needless to say, you’ll also have peace of mind from knowing you’ve done your homework, giving yourself the best opportunity to make the most out of your money.
