Investment: The key mistake to avoid when managing your ISA or pension

There is, however, one key mistake to bear in mind when making an investment, and it can often affect many people.

Mr Norton concluded: “Our emotions can often take over and affect the way we invest – so it is important to be aware of this and really understand your investments.

“Markets fluctuate, and this is particularly true during COVID-19. This may make people want to sell off quickly, but such an action could ultimately damage your returns.

“Don’t be overconfident with your investments or be lulled into a false sense of security, as you could end up taking more risk than usual.”

The Money Advice Service has added that when investing, it is important to review periodically.

However, much like Mr Norton stated, looking at a portfolio too often can often lead to mistakes.


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