And if we assume for a moment all our mistakes, if we consider what we have done wrong as investors? The truth is revolutionary, that is the true revolution. I liked the decalogue EFPA, I’ve seen in Unience, largely because they are present almost all the mistakes that I know. And they are on the management capabilities we have, not the last dis late of our economic authorities. Then I raise and I comment briefly on each:

1. Not make forecasts of when you need your money, different strategies for the short, medium and long.

Very common, not clearly marked for each target. We must identify some goals, objectives, and each requires a different timing.

2. Do not diversify.

True. Afraid to see some investment portfolios. as excuses are many, be the least bad that diversification may reduce our profitability. At this point he referred to earlier. The others are of more concern is that I do not understand, or so I do not like, or … as the madness has to genuinely work in a sector and have placed all your capital in it. At a stroke out of the game.

3. Build a portfolio of financial instruments influenced by fashion.

Very common. Financial result of ignorance, applies where-is-where-you-Vincent-la-people. It is better to err like sheep without daring to be marked differences with the majority. This happens even with alleged members of consumer organizations.

4. Not understand the investment vehicle in which they had their savings.

Recognizing that there are certain products that the professional understands, since they are designed for purposes very different from the needs of the investor, there are many other fairly accessible. And yet, people do not know, no answer. There are no more to give back to a wasteland of these training materials in Spain. A tributary of the River Regional 5th category is far more important to know how a mortgage.

5. Not having the patience to overcome difficult moments or fail to develop investment, by selling when you are losing.

Here the whole world bears the risk if it loses, and nobody wants to go while you are winning. Our mentality and discipline are very weak.

6. Not be disciplined with the risk criteria and horizons or with the target at the beginning.

Totally related to the previous point.

7. Opting for safety: This means being vulnerable to inflation.

Now this error is smaller, but for many years, with galloping inflation, people unable to understand or to stand still very conservative strategies did not involve Unmissable. OP better, just supposed to guarantee the nominal value. Between the Treasury and inflation-sized hole was relevant.

8. Be guided by the sense of “revenge on the market,” becoming “recover the lost” as the new target.

Anyone who has felt the bug of the game will know what this. Miss and double the bet. I contareis as he was.

9. Make decisions influenced by friends and the news.

Closely related to the third point. The talks in bar, the desktop with the brother in law, etc., are usually more than disposable necessarily preventable. The potential benefit of these valuable tend to zero.

10. Not having a qualified financial adviser to advise where to invest based on their profile and ensure their interests.

A Gordian knot. expert consultants, as expert advisers said that there are few, very few. And cost money. The question is whether people are willing to pay, or think they are free?

Well, as a bonus track, will bring one more, and the absence of proper tax planning, not only speak of the investment itself, I mean the whole range of activities, products and relationships where the investor is stuck. Earning money is no good if you’re doing too sympathetic to that party so called Hacienda.

And you, one more mistake?, Comments on here?