Warren Buffett says that successful investing is as simple as never losing money. Sounds simple, right? Well, apparently it’s not simple at all, because many people do not invest, and many people do it poorly. With such a low standard of investment in the United States, it seems like it wouldn’t take much effort to do better than the status quo.

And that’s exactly what the case is. Many people would do well at investment if they simply tried. And many who do invest, but fail, would do better if they simply realized that the following habits are a recipe for investment disaster.

We Do the Wrong Thing at the Wrong Time. Americans’ sense of “how the economy is doing” is notoriously faulty. This is because economic momentum takes a long time to trickle down to the average person. So just as someone is just realizing that a decade-long recession really does have ramifications for them personally, the rest of the nation may be way off in a more positive direction. “Common sense” is often ill-informed.

And this holds true for “economic experts” just like it does for the average Joe. For these reasons, you can’t let popular opinion sway your investment choices. You’ve got to be aware of real-world factors which drive the changes which result in investment gains and losses.

Forex brokers like this one allow you to observe, in a very focused way, how real world events and policies play into the value behaviors of assets and currencies. Becoming adept at an investment style like Forex will inform every investment you make for the rest of your life

We’re Bad at Everyday Investments. When I was a kid I spent hundreds of dollars on basketball cards. Not valuable basketball cards, mind you, just boxes and boxes of the cheapest kind of cards. I was in it for the thrill of cracking open the packs, not the value of what could have been inside.

What I didn’t realize at the time was that every box of cards I bought was an investment. Had I spent money on the right cards (or saved the cash), the shoebox in my closet today could be worth A LOT of money.

As it is, I spent a lot of my childhood income (small as it was) on stuff that didn’t end up being worth anything. Adults do this too. We spend money on whatever we want, not thinking what it’ll be worth in the future, or of better ways that we could allocate those funds.

Every dime we spend is an investment, whether we’re buying a stick of gum or a fraction of a stock in Apple. By getting good at everyday investments, we’ll get a lot better at choosing complex investments.

We Don’t Start. The main reason the average person doesn’t succeed at investment is because he or she doesn’t invest at all! As you can see from the attachment way at the top of this text, most Americans never invest in the stock market.

Many do it because they’re intimidated or uninformed about what that means. Others never manage to save up funds sufficient for significant investment. It’s a shame. It’s important to start understanding the value of money, not in order to fetishize it, but to use it wisely.

The earlier this is learned in life, the better. And the sooner proper investments are begun, the longer you, as an individual, will have to enjoy the fruits of your well-made decisions.

Investment is for everyone. Everything we do with our time and money is investment. But if we can’t order our lives to maximize our time and effort, we’re never going to succeed in investment on a large scale. We may never even get started. So think about these investment failures, and think about how you can dodge them. It’s really not that hard.

But it’ll change your life for the better if you figure it out.