investing series: investing mistakes to avoid when building a portfolio

On this week's ep, Azaria and associate adviser, Nick, wrap up the investing series with tips on how to avoid some of these common mistakes made in the early stages of building your portfolio. They touch on:

👉🏾starting without a goal

👉🏿withdrawing your money too early

👉🏽over-allocating how much money you're using to investing

👉🏻not doing enough research before you start

👉🏼over-investing in risky/speculative investments hehe crypto

👉🏿checking your portfolio performance too often

👉🏻not diversifying asset allocation

👉🏽not reviewing and re-balancing your asset allocation when it shifts

👉🏾taking unqualified advice... shoutout to well-meaning friends!

👉🏻investing because of fomo

👉🏿not understanding tax implications

Thanks to Up Bank for supporting gen z money! Sign up with them and get $5 in your new account: https://link.up.com.au/GENZMONEY. Product & offer T&Cs @ up.com.au/terms. Up accounts issuer Bendigo & Adelaide Bank.

Need a way to manage your cash? Check out Glen’s online course using the link below - get $20 off when you use the code “genz”:

For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: https://www.sortyourmoneyout.com/genz-shownotes

🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at sortyourmoneyout.com. This podcast is intended for residents of Australia.

We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast.