<ul data-eligibleForWebStory="true"><li>Investing for the first time can feel overwhelming, and it's crucial to avoid common mistakes to prevent costly errors.</li><li>In 2024, Action Fraud received nearly 26,000 reports of investment fraud, emphasizing the importance of making informed investment choices.</li><li>BrokerChooser experts shared the ten most common mistakes new investors make and offered tips on navigating the investment landscape wisely.</li><li>Mistakes include blindly following influencer tips, failing to set clear investment goals, ignoring fees, and lacking portfolio diversification.</li><li>Other errors involve chasing timing over time, overtrading, not understanding investment products, neglecting tax implications, letting emotions dictate decisions, and choosing the wrong broker.</li></ul>

10 Most Common First-Time Investing Mistakes to Avoid in 2025

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