This is the #1 mistake investors are making right now

Mona Mahajan, Head of Investment Strategy, Edward Jones, explains the biggest investing mistake and how to avoid it.

Transcript

00:00What's the biggest mistake that you're seeing investors make right now?

00:04Yeah, absolutely. And I think certainly in these first few months of the year,

00:07there were a lot of emotionally charged investment decisions that were made.

00:11And it's a great call out because really it's such a 101 mistake.

00:17People don't think they'll actually do, but when they read the headlines,

00:20they see the news, they see the dramatic moves in the market,

00:23they feel compelled to do something.

00:25And in many cases, trying to get out of the market or trying to time the market,

00:29we know investors are notoriously not great at doing either.

00:32And I always say, if you're trying to get out of the market,

00:34you have two decisions to make, when to get out and then when to get back in.

00:37So we say stay the course, long-term investing.

00:41We know Warren Buffett has said when others are fearful,

00:44that's the time to be greedy and vice versa.

00:46So we adhere to all those principles.