| One request that I get from adults with ADD | | | | negative consequences. ADD adults are more |
| is for advice and information about | | | | susceptible to investment sales pitches |
| investing. The investing aspect of money | | | | pushing products that are not a good fit and |
| management can be very stimulating; it is | | | | or have high commissions and fees. ADD adults |
| also an aspect where mistakes can be very | | | | need to make sure that they are not investing |
| costly. Here is a list of 3 investing | | | | too much money into their business or their |
| mistakes that adults with ADD are often more | | | | employer's stock. Making sure that you have a |
| susceptible to. | | | | proper investment mix is important in order |
| | | | to protect your investments. The impulsive |
| 1. Not paying off high interest loans before | | | | nature of ADD adults makes them vulnerable to |
| investing. | | | | investing based primarily on the recent |
| | | | history of an investment. It is important to |
| Paying off high interest loans is usually the | | | | evaluate all aspects of an investment before |
| best investment that you can make because you | | | | you decide to buy or sell. |
| can get a guaranteed return between 10 and | | | | |
| 25%. The impulsive ADD adult can often | | | | 3. Lack of understanding |
| overlook paying off loans because investing | | | | |
| can be more exciting and stimulating. | | | | There are a lot of boring details involved |
| | | | when deciding what investments to invest in. |
| 2. Emotional Investing | | | | It is easy for ADD adults to get overwhelmed |
| | | | with the details. However if you do not |
| ADD adults often rely on their gut feeling | | | | understand what you are investing in, you run |
| when it comes to making decisions. They also | | | | the risk of not getting what your investment |
| tend to invest heavily in people and | | | | is worth, getting overcharged for fees, or |
| companies that they believe in. While these | | | | losing your total investment. |
| are not negative qualities, they can have | | | | |