Don’t make the mistake of falling for investing hype…

Don’t fall into the trap!

Investment hype can involve the investment being promoted and being shown to have amazing returns, etc.

You may experience FOMO (fear of missing out), which is one of the biggest mistakes investors fall into. Make sure to make informed and logical decisions, and try to remain impartial to all the hype going around. Don’t put all your trust into news, or influencers promoting an investment – do your own research!

Additionally, there may be scams going around, making amazing offers to invest in something. Make sure to be critical, and not fall for something that sounds too good to be true.

 

Learn more at moneysmart.gov.au