Investing can create wealth or consume wealth, depending on how you go about it. Obviously, your goal is the former -- to strengthen your finances and not weaken them.
You can give yourself the best shot at investing success by sticking with tried-and-true tactics. Invest in quality companies you can hold for decades, stay diversified, and keep a cash emergency fund. Also, steer clear of complex investing strategies, no matter how trendy or popular they appear to be. For most investors, aggressive investing tactics come with more risk than they're worth.
Here are 10 of those popular investing strategies to avoid.
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