Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Failed to rebalance
Mary Magray, 59
Editor and university lecturer
Madison, Wisconsin

"I started investing at the start of the tech and Internet boom. I watched my accounts double, triple and then quadruple in four years--and then all go down again. My problem was getting myself to sell when the going was good. The greed factor was really strong in me. I could have made a lot more if I sold some when stock prices were high."
My fix: "I don't think it's a good idea to try to time the market. It's worth getting outside of the irrational part of your investing. Now I regularly sell a certain amount of my winning funds. I don't worry about the ups and downs anymore. When the market has been up for a long time, I take some profits."

Last updated May 20 2011: 10:47 AM ET
Join the Conversation

You buy high and sell low -- and that will cost you. Plus 4 other mistakes and fixes. More

Money's annual guide to the best investments, credit cards and more. More

Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options