7 Biggest Mistakes Investors Make - panic-sell - 1 of 7

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Don’t let a summer of low market volatility lull you into complacency. Here are the seven biggest mistakes investors make. Avoid these costly missteps and chances are you can profit handsomely for years to come, even if you are retired or approaching retirement.

You Panic-Sell

Emotion is your worst enemy. Remember, all bull and bear markets have one thing in common—they always come to an end. Some recent history: The Dow lost a frightening 53% of its value in the 2008-2009 meltdown. But within a four-year period, the Dow regained it all, then rose an additional 28%, from a low of 6,507 to a then-high of 18,200 on February 24, 2015. Now the Dow is back above 18,000 again. Patient investors were big winners in the run-up.

So keep your eye on your long-term plan. “If you aren’t willing to own a stock for 10 years, don’t even think of owning it for 10 minutes,” as Warren Buffett once put it.