Dr. Segan’s Top 17 Investing Mistakes

Douglas Segan, MD JD (yes, he is a doctor and a lawyer) is an expert on insurance and asset protection.

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Tell us where you went wrong, Dr. Segan. We’ll try not to repeat the same mistakes!

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Dr. Segan’s Top 17 Investing Mistakes

It is tough to have a 40 year or longer time horizon when one is a teenager. But it would have been wise if I had worked and saved some money.

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I was quite late in getting onboard the passive index very low-cost mutual fund / ETF train. But, now that I am on board, what a sweet train ride it is!

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I have made this mistake all too often with individual stocks and with funds. Things always look great at the top.

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When it comes to financial advice (including mine) please be very skeptical and repeat my mantra: “nobody knows nothing!”

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On those very rare occasions that I actually owned a stock that surprisingly went up, I have too often sold it way too quickly.

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Marry someone who is on your planet when it comes to your financial philosophy. There is no right or wrong here.

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This is another foolish mistake that I still make and shows that I have no business investing in individual stocks.

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Dr. Segan’s Top 17 Investing Mistakes

Douglas Segan, MD JD (yes, he is a doctor and a lawyer) is an expert on insurance and asset protection.

Tell us where you went wrong, Dr. Segan. We’ll try not to repeat the same mistakes!

Dr. Segan’s Top 17 Investing Mistakes

It is tough to have a 40 year or longer time horizon when one is a teenager. But it would have been wise if I had worked and saved some money.

Don’t start saving and investing when you are young

I was quite late in getting onboard the passive index very low-cost mutual fund / ETF train. But, now that I am on board, what a sweet train ride it is!

Buy actively managed funds with high expenses

I have made this mistake all too often with individual stocks and with funds. Things always look great at the top.

Buy high and sell low

When it comes to financial advice (including mine) please be very skeptical and repeat my mantra: “nobody knows nothing!”

Act quickly on hot stock tips

On those very rare occasions that I actually owned a stock that surprisingly went up, I have too often sold it way too quickly.

Sell your winners very quickly

Marry someone who is on your planet when it comes to your financial philosophy. There is no right or wrong here.

Enter into a financially mixed marriage

This is another foolish mistake that I still make and shows that I have no business investing in individual stocks.

Ride a losing investment all the way down

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