FIRST TIME INVESTOR
If only I had only known ...
Lets share our best first mistakes with investing.... I can go first, I didn't know that dividends that are reinvested within one financial year affects your taxable income for that year. I had assumed that it was only taxable if you redeemed the actual $ into your bank account or sold shares.
Craig Pilon
19 August 2022
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21 Comments
Kurt Walkom
PEARLER
over 1 year ago
My first investment was $15,000 in 3 stocks based on a stockbroker’s recommendation – right before the GFC. It was all my savings at the time and two of the stocks went broke. I still think it’s criminal that stockbrokers can recommend anything other than ETFs for first-time investors.
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14
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ReplyVinit
PEARLER
over 1 year ago
Mistake of Smiling at news reports when they talked about Markets Tanking thinking It was better to keep money in savings account, as I never invested until recently.
Like
8
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Replynick nicolaides
PEARLER
over 1 year ago
My first mistake was buying a stock because all the ppl at work were… I was 21 and didn’t know what the company did, or clearly value my own hard earned cash highly enough! I sold out a few weeks later at a loss. This was not the only time i made this mistake :(
Like
7
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ReplyClaude Sortwell
PEARLER
over 1 year ago
Not investing regularly! At the start I would by large packages of shares and then never really buy again. I realised DCA’ing was a better fit for me, and it made me less as worried about price fluctuations.
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7
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Replyover 1 year ago
I just wish I realised sooner how simple everything could be. And how instead of trying to fine-tune your investments, time is far, far, better spent elsewhere – either enjoying life, optimising expenses, or earning more income.
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6
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ReplyCathy Sun
PEARLER
over 1 year ago
Getting caught up in the thrills and spills of chart reading and the excitement of day trading until my get rich quick dream gave me a quick tease before being shattered completely🤑
Like
6
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ReplyJoseph Yeoh
PEARLER
over 1 year ago
I’ve done a lot of guilty timing the market trades, ignoring whether it was profit/loss doing so I think the stress that it brings was not worth it. Had an unhealthy obsession with stock prices and news hehe.
Like
5
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ReplyRoy O'Sullivan
INVESTOR
5 months ago
I only wish I knew about Investing and the benefits of compounding your money long term when I was younger.
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0
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