Scott Phillips is The Motley Fool’s Chief Investment Officer in Australia, and runs the Motley Fool Share Advisor, Million Dollar Portfolio and Everlasting Income services. He's also all over the media, social AND traditional. And a Roosters tragic. He's joined us to talk about his 5 investing 'don'ts':

• Don't trade too often.
• Don't sell too quickly.
• Don't give in to envy or greed.
• Don't buy the hot new thing.
• Don't let the 'story' overwhelm the fundamentals.

"...it's so easy to get caught up with the media. And frankly, the brokerage ads and there's very much a sense that if you can be active, you'll do well. In my experience, and most people's experienced exactly the opposite. If you keep your brokerage and your taxes down, you find good businesses and you hang on, let them do their thing. That tends to be where success comes from. My biggest mistakes have been actually things like selling too early, rather than selling too late, or selling too frequently. And so that idea of just be sensible, be slow, I tend to like to say, buy slow, and sell even slower."

Link to the blog post: https://www.sharesforbeginners.com/blog/motley

Guest Website:  https://www.fool.com.au/

Guest Twitter:          @TMFScottP

GuestFacebook:     @scottphillipsmoney

Guest Instagram:    tmfscottp

Portfolio tracker Sharesight tracks your trades, shows your true performance, and saves you time and money at tax time. Get 4 months free at https://www.sharesight.com/au/sharesforbeginners

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