We all make financial mistakes, but some can cost you more dearly than others. Avoiding the following common and dangerous investment errors will help you make the most of your hard-earned money and grow it over the long term. 1. Following the herd You go to a braai and everyone is buying bitcoin, so you feel you must also pile in, even though you have no understanding of cryptocurrencies. Though buying the latest and apparently greatest investment may satisfy your fomo (fear of missing out), it's misguided. You would be much better off getting a proper financial plan that covers all your bases. A proper financial plan should include setting up emergency savings to protect you from being financially vulnerable. It will protect your assets and your ability to earn an income, and will help you grow wealth over time so you can achieve your savings goals and provide for retirement. Make sure you understand the plan and all its components, including any investments. Having a plan and a f...

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