Beware trading too often. It can cause tax implications, emotional stress and is costly. If you are like me, you would do a lot of research and patiently wait for the right time to buy the most solid investments. Unseen Costs Beware buying a security just for the lowest commission. If you could buy a stock online or through your advisor, remember that your online broker will not help with a good fill.
Mutual funds can have hidden costs.
How would you like to buy someone's tax gains when you didn't earn the gains. It can happen by purchasing a hot mutual fund. The manager of the fund decides it is time to sell some of his stocks for gains and move to other stocks. You now own the tax implications of gains from last year. If you don't have the time to properly research securities or feel that the emotional struggle may prove costly to your investment portfolio, call an advisor or find one you can work with through a trusted source.