Same old mistakes haunt investors

April 18, 1993|By Knight Ridder News Service

Most investors make the same deadly mistakes, says Harry R Tyler, a financial planner in West Chester, Pa.

For example, they hold losing investments long after they should cut their losses.

"I think it's just human nature," he said. "People have a great deal of difficulty admitting that they made a mistake."

Investors should review their holdings each year, Mr. Tyler said. Losers often should be sold, and the loss can be used to offset investment gains or earned income.

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