Investing Mistakes the RICH Don’t Make

15 Investing Mistakes the Ultra Wealthy Don’t Make Invest in Art: https://masterworks.art/alux Get the app: https://www.alux.com/app Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/alux Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. :art: See important Masterworks disclosures: https://www.masterworks.io/about/disclaimer. In this Alux.com video, we will be answering the following questions: What mistakes the rich don't make when investing? What are the most common mistakes new investors make? What mistakes you should never do investing? What kind of mistakes rich people never make? What mistakes can make you poor if you are rich? What are the top mistakes new investors make? _________ 00:00 - Intro 00:28 - Being emotional about money 01:24 - Trying to time the market 02:36 - Short term bets, trades and short term thinking 04:09 - Being cash poor 05:28 - Putting all your eggs into one basket 09:20 - Spreading yourself too thin 10:54 - Investing in something just because X invested in it 12:49 - Investing in things they don’t understand 13:38 - Failing to rebalance a personal portfolio 15:41 - Panic selling 18:25 - Investing based on what’s on the news, newsletters or forums 19:20 - Not taking out profits 20:41 - Constantly checking your investments 21:18 - Going YOLO 22:00 - Thinking "this time is different" - Get Rich Playlist: https://www.youtube.com/playlist?list=PLP35LyTOQVIsxb5Mf-Pr1xHJMZPtdIX8q Take Action Playlist: https://www.youtube.com/playlist?list=PLP35LyTOQVIuhLj_V6ThqHhVN52kozybm All Sunday Motivational Videos: https://www.youtube.com/playlist?list=PLP35LyTOQVItYEFKYW1WdjcHFuXt0s5h- Book Club: https://www.youtube.com/playlist?list=PLP35LyTOQVIvGYVKBE8qEwmP-S_Z7i0lL - Social Media: https://www.instagram.com/alux/ https://www.facebook.com/alux https://www.twitter.com/aluxcom --- Alux.com is the largest community of luxury & fine living enthusiasts in the world. We are the #1 online resource for ranking the most expensive things in the world and frequently referenced in publications such as Forbes, USAToday, Wikipedia and many more, as the GO-TO destination for luxury content! Our website: https://www.alux.com is the largest social network for people who are passionate about LUXURY! Join today! SUBSCRIBE so you never miss another video: https://goo.gl/KPRQT8 -- To…