5 Are you making common investing mistakes that could derail your Financial Goals? Many investors, both seasoned and novice, fall victim to common pitfalls that can significantly hinder their financial growth. Understanding these mistakes is the first step to avoiding them. • Herd mentality: Don't blindly follow the crowd. When everyone's buying, it might be time to consider selling, and vice versa. • Past performance as future predictor: Remember, past performance is not indicative of future results. • Ignoring economic cycles: Understand that markets fluctuate with economic cycles. Don't let fear dictate your investment decisions. • Letting emotions cloud judgment: Avoid impulsive decisions based on fear or greed. Stick to your long-term plan. • Overtrading: Frequent trading can increase transaction costs and reduce your overall returns. • Overcomplicating your portfolio: Keep it simple. A diversified portfolio of low-cost index funds can often outperform complex strategies. • Underinvesting in growth assets: Early in your investing journey, focus on growth assets like stocks to maximise long-term returns. • Market timing: Trying to time the market is a risky endeavour. A consistent, disciplined approach is a more effective strategy. To avoid these pitfalls and achieve your financial goals, consider consulting with SK’s qualified financial advisors. We can provide personalised advice and help you develop a tailored investment strategy. How can SK help you? Whether you're approaching retirement or simply looking to secure your financial future, our team of experts is here to assist you. We offer a wide range of services, including: • Retirement planning • Tax planning • Superannuation strategies • Estate planning • Investment advice • Insurance review Contact us today on 1300 00 11 08 to schedule your free consultation and discover how we can help you achieve your financial goals. see advertisement front cover STUDIO VILLAGE Summer Markets Saturday December 7th 2024 4:30pm-8:30pm Come down and support our local community market stalls. There will be 30 stallholders with lots of variety. 87 Village Way, Oxenford LIVE ENTERTAINMENT Markets will be held inside and outside THE VILLAGE - HERITAGE B&B - The Village B&B is a 120-year-old heritage Queenslander in the heart of historic Mudgeeraba. Join us Wednesday to Sunday for an indulgent High Tea or a Casual Lunch, all homemade on site. We also cater for groups, baby showers, or family events (available 7 days if pre booked). For more information and bookings please contact us Liz 0448 722 233 or Rich 0410 210 8585 heritagehightea thevillagebnb www.thevillagebnb.com.au 65 Railway Street, Mudgeeraba
RkJQdWJsaXNoZXIy NjM5MTE=