Mistakes are all too easy to make when it comes to investing. Here are 7 things financial experts say you should avoid doing with your investments.
CNBC Selectspoke with Mary Jo Terry, a managing partner at private student loan refinancing companyYrefy, for a breakdown of the eight most common FAFSA mistakes and how to avoid them. 1. Not submitting an application at all Everyone who plans to attend college or graduate school should compl...
If you're looking for ways to boost your credit score, consider these options that could help get you where you want to be: Refinance debt Pay your full credit card balance Monitor your credit Dispute credit report errors 1. Refinance debt Refinancing your debt with a personal loan at a lo...
Overspending, earning the wrong type of rewards and not monitoring your transactions or credit score are a few mistakes to avoid. In 2024, credit card mistakes are out and savvy credit use is in. Acredit cardcan be a powerful tool to have in your wallet — but only when it’s used res...
With just a few stocks, my dad and I lost about $400,000. Getting cold feet and bailing out of the market when it had bottomed out in November 2008. These are common mistakes among all investors. It is important to bewidely diversified, to avoid trying to time the market, and todeve...
Before I get into the main real estate investment mistakes to avoid, I'd like to share my experience purchasing a vacation property. Unless you are really rich or don't care about financial returns,you probably shouldn't own any vacation property. ...
If you want to avoid dumb financial mistakes, follow the old adage “save your money for a rainy day.” You’ll never figure out how to become rich if you don’t build an emergency fund and learn how to use it wisely. “When people don’t have at least a few thousand dollars...
When Should You Not Use Your Home Equity? Using home equity like a piggy bank, whether through refinancing or ahome equity line of credit (HELOC), can have detrimental consequences. While it may provide access to cash, it comes at the cost of increased debt and interest payments. ...
includesflippers. These are individuals who purchase and renovate properties before putting them back on the market to make a profit. If you're going to flip a home, make sure you have the cash, time, skills, knowledge, and patience before you lose out. But how do you avoid these ...
“Some borrowers take days to get back to their lenders when asked for additional documentation,” says da Costa. “That's a waste of time and can end up costing you thousands of dollars if the rate you locked in expires and rates rise. Whether you're refinancing or getting a new ...