11 Big Investing Mistakes Advisors, Clients Made: Advisors' Advice

Slideshow October 19, 2020 at 10:35 AM
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(Related: 16 Big Estate Planning Mistakes Clients Make: Advisors' Advice)

Investment mistakes are par for the course for anyone putting money into financial markets, but like most mistakes they can be valuable, serving as a red-flag warning or a lesson for the future. We asked financial advisors about the worst investing mistakes they or their clients have ever made. The biggest mistakes can be the best reminders of what not to do, which is why Scott Bishop, executive vice president of financial planning at STA Wealth Management, keeps an Enron stock certificate on his office wall to remind him "to never buy a stock based on its history or on his gut without doing the necessary research." Check out the gallery to read about the biggest investing mistakes made by advisors and clients. --- Related on ThinkAdvisor: