Reading through the daily market news to find a couple of new investments I came across this article from SL'S COMPANY philosophy.... I have put the header and picked out the/a power phrase in italics ...7 investment traps that could harm your wealth:- 1. Too many eggs in one basket ... it's important to ensure you don't end up with concentrated exposure to a particular type of risk 2. Over-diversifying .... You can end up with dozens of quite similar investments, collectively delivering average returns. 3. Paying too much in charges ... a crucial factor affecting your total returns is the charges you pay. 4. Not taking enough risk ... not taking enough risk can be just as damaging as taking too much risk. 5. Poor administration...... Good administration is key to managing your investments effectively. 6. Paying too much tax.........Quite simply, the less tax you pay on your investments, the higher your returns will be. 7. Focusing on the short-term.....Many are tempted to over-expose themselves to the latest 'hot' investment trend Its not unlike BCFC IN A WAY EXCEPT THAT WE SEEM TO BE THE MIRROR IMAGE:- 1 Youngsters, nearly beens, end of the roaders? 2 loan players old players midfielders etc? 3 over payment in wages to fill short gaps 4 how many times have we said you need to give the youth a chance when we had a reasonable team with just a couple of hangers on 5 Isnt that what we moan about most, or almost most 6 those perishing agents fee's half a million that would pay a lot of wages 7 we've sort of done that bringing in costly loan players as a player with a previous history comes available and fails miserably or gets no games.. time to practice what is preached me thinks......... Any comments?
