Don’t let these investing pitfalls hold you back in 2023

Trying to time the market, not cutting losses early enough, and chasing market trends are some examples From m_zadikian

Timing the market and chasing trends are some of the most common mistakes retail investors make, according to some institutional fund managersFrom trying to time the market to not cutting losses early enough or chasing market trends, these institutional fund managers are also offering ways to avoid these pitfalls as we head into 2023.

However, Small says that doesn’t mean investors should blindly stay the course with their portfolio holdings.When clients are panicking during market volatility, Small said it’s prudent for investors to analyze their portfolio , revisit their investment objectives and determine whether adjustments should be made.

“If a stock moves up enough or for a long enough period, many investors will abandon their carefully crafted, long-term investment strategy to chase after immediate returns,” Mitchell, the chief executive officer and chief investment officer of Starlight Capital, said via email. “I think it's very hard to admit you're wrong on an investment or change your mind,” he said in a phone interview.

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